November 25, 2002: Roxio Purchased Napster
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2002 – While in Bankruptcy since the following September, Roxio – along with the Private Media Group – came in and took over the $2.43 million dollar company. They took all logos and names and rebranded it “Napster 2.0”. This time, Napster was a pay site – merging technologies with Roxio Pressplay.The sale completed in 2003Ultimately, the company was purchased by Best Buy in 2008.
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