Napster blames ‘misconduct’ for vanished $3bn funding round

The $207m acquisition of music-streaming service Napster last March was supposed to herald a glorious new era for the famous brand. Its new owner, Infinite Reality, had recently raised a $3bn funding round valuing the company at $12.25bn after all. Hadn’t it? Well, about that… Having rebranded as Napster, the parent company revealed to shareholders last week that the […] The post is from Music Ally.