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Old 4th Sep 02, 07:48 PM
Fisher
 
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A bankruptcy judge blocked the sale of Napster Inc. to Bertelsmann AG on Tuesday, killing a deal that might have revived the idled Internet music pioneer as a legitimate music-sharing network.

Judge Peter J. Walsh, in Wilmington, Del., cited conflicting loyalties by Napster's top executive.

Napster CEO Konrad Hilbers, a Bertelsmann veteran, said the judge's decision likely will force Napster to change its reorganization effort into a Chapter 7 liquidation.
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hxxp://www.bizreport.com/article.php?art_id=3725&PHPSESSID=e09099f8f67929cd 76b334e1ead0868f
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