MacCentral: Roxio to Sell Software Division, Become Napster In posting its quarterly financial results on Monday, Roxio Inc. announced plans to sell its software division to Sonic Solutions in a transaction valued at US$80 million. The deal is subject to the customary regulatory and shareholder approval, but Roxio has already outlined plans to change its name to Napster, focused solely on selling digital music.
That’s an interesting strategy! A $120M company dumps its main product line for $80M just so it can focus on selling digital music? Here’s the Asset Purchase Agreement between Sonic Solutions and Roxio. I’ve also posted other Roxio contracts on the web site.