Napster acquired by Infinite Reality for $207 Million

Napster’s back. The iconic platform just sold for $207 million, and its new owners have plans to shake up music streaming. Napster, the music service that revolutionized the digital music landscape in the late 1990s (for better or worse), has been acquired by tech company Infinite Reality for $207 million. This acquisition marks a significant milestone in Napster’s history, reflecting its enduring influence. Founded in 1999 by Shawn Fanning and Sean Parker, Napster introduced a peer-to-peer file-sharing platform that allowed users to share and download music files freely. This innovation disrupted traditional music distribution models, leading to widespread debates about…