Napster sold to tech startup for $207M

Napster was sold to a tech start-up Infinite Reality for $207 million, the digital media company announced Tuesday, as it looks to provide creators an opportunity to better engage with their audiences and monetize their work. 

Napster CEO Jon Vlassopulos, who will continue in his current role and also take “on a broader role” for Infinite Reality, said the 3D technology company will help “transform” Napster, allowing fans to attend concerts virtually and better connect with artists....