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Napster Sold for $207 Million to Infinite Reality, Which Wants to Launch the Music Streamer Into 3D Virtual Concerts, Ecommerce and More
Immersive technology company Infinite Reality announced a deal to acquire music streamer Napster for $207 million.
Infinite Reality plans to expand Napster beyond just a basic music streaming service, where it faces far bigger competitors like Spotify, Apple, YouTube and Amazon. “By acquiring Napster, we’re paving a path to a brighter future for artists, fans, and the music industry at large,” said John Acunto, co-founder and CEO of Infinite Reality. “This strategic move aligns with Infinite Reality’s vision to lead an internet industry shift from a flat 2D clickable web to a 3D conversational one — giving all creators modern tools to better engage, monetize, and measure their audiences.”
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