Apple To Buy Roxio/Napster?
According to Loop Rumors:
Quote:
Reliable sources have informed us that Apple Computer (NasdaqNM: AAPL - News) is negotiating to buy Roxio (Nasdaq: ROXI - News). Recent erratic stock activity confirms this information with very high volume trading over the last few weeks. It?s no secret that Apple is trying to make inroads to the PC market, and buying Roxio, a company that caters predominantly to PCs will help them do just that. Roxio, Inc. provides the best selling digital media software for Windows in the world. While they only make Toast Titanium CD burning software for Mac, they make award-winning software products for CD/DVD burning, photo editing and video editing for Windows. Apple sells Roxio?s Toast 5 Titanium software at its store. Also, Apple has been promoting Roxio?s Easy CD Creator 5 software on its website since it began the Switch campaign.
Apple?s recent introduction of iTunes Music Service coincides with this buyout since Roxio bought the rights to Napster's name and technology at a bankruptcy auction last year for just over $5 million. The CD-burning software maker has since bought Pressplay, a struggling online music service launched by (ring a bell?) Vivendi Universal (NYSE: V - News) and Sony Corp. (Tokyo:6758. T ? News) for about $39.5 million in cash and stock.
_
Reliable sources have informed us that Apple Computer (NasdaqNM: AAPL - News) is negotiating to buy Roxio (Nasdaq: ROXI - News). Recent erratic stock activity confirms this information with very high volume trading over the last few weeks. It?s no secret that Apple is trying to make inroads to the PC market, and buying Roxio, a company that caters predominantly to PCs will help them do just that. Roxio, Inc. provides the best selling digital media software for Windows in the world. While they only make Toast Titanium CD burning software for Mac, they make award-winning software products for CD/DVD burning, photo editing and video editing for Windows. Apple sells Roxio?s Toast 5 Titanium software at its store. Also, Apple has been promoting Roxio?s Easy CD Creator 5 software on its website since it began the Switch campaign.
Apple?s recent introduction of iTunes Music Service coincides with this buyout since Roxio bought the rights to Napster's name and technology at a bankruptcy auction last year for just over $5 million. The CD-burning software maker has since bought Pressplay, a struggling online music service launched by (ring a bell?) Vivendi Universal (NYSE: V - News) and Sony Corp. (Tokyo:6758. T ? News) for about $39.5 million in cash and stock.
_
Comments
Apple wants to buy Naptster to prevent Napster from hurting iTMS.
# Gives them an excuse to bundle iTunes PC with all PC Roxio products. So they don't get accused of dumping by musicmatch.
Originally posted by hmurchison
This is actually a Trojan Horse.
Apple wants to buy Naptster to prevent Napster from hurting iTMS.
# Gives them an excuse to bundle iTunes PC with all PC Roxio products. So they don't get accused of dumping by musicmatch.
Sounds like a good idea to get rid of competition - Microsoft style.
Originally posted by hmurchison
Apple wants to buy Naptster to prevent Napster from hurting iTMS.
Napster's still around?
Originally posted by Bagu
Napster's still around?
Roxio plans on reviving it soon i believe