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Napster sold to London startup

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Napster, which started as an illegal downloading platform before becoming a paid streaming music service, has sold to a London startup.

MelodyVR agreed to buy the company for $70 million. MelodyVR provides virtual reality customers with streams of musical performances.

MelodyVR plans to implement Napster with its live performance technology. With 3 million users, Napster has a library of 90 million licensed tracks.

Read more from The Guardian.

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