Petteri Pyyny
5 Jan 2005 1:27
Napster completed its transformation from Roxio to Napster officially yesterday when the company began trading in NASDAQ under the name of Napster, using the ticker symbol of NAPS.
The change comes after the completion of the sale of former Roxio's software division to Sonic Solutions who now owns the Roxio's product line, including the Easy CD/DVD Creator. Roxio was originally part of Adaptec who spun off the CD software division as Roxio.
Napster will now focus on its core business, online digital music retailing and competes against the Apple's iTunes service and a large selection of smaller players in the market.
Source: The Register