Roxio sells out


— 4:17 AM on August 13, 2004

It was announced that Sonic Solutions will acquire Roxio's consumer software division for $80 million. Roxio will now change its name to Napster and concentrate its efforts on the digital music market. No doubt competition from digital music services like Apple's iTunes Music Store had a lot to do with Roxio's decision to redefine itself in today's competitive marketplace.

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