Private Media wants to buy Napster
Private Media, a publicly traded adult entertainment company based in Spain, has made an offer to buy part of Napster for one million shares of stock. Private apparently has no interest in restoring the old Napster; the company's CEO talks about using Napster to sell material from its large porn library. Private stock closed at $2.41 on Thursday, but reached a high of $3.44 today after this news broke.