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Feb. 3, 2004

Firm Relaunching Napster Gets Investment Infusion

Roxio Inc., the Santa Clara company that relaunched the famous Napster music service, has closed a $22.5 million financing deal.

By Toni Vranjes
        Roxio Inc., the Santa Clara company that relaunched the famous Napster music service, has closed a $22.5 million financing deal.
        The financing was a deal known as private investment in public equity, or PIPE, in which a public company sells stock privately to a group of investors, typically below the public share pri...

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