The Napster sale is all about name recognition

After all these years, Napster is apparently worth $207 million.

That’s how much artificial intelligence and extended reality company Infinite Reality purchased the former file-sharing service for on Tuesday. Under its new ownership, Infinite Reality said Napster will become a virtual concert venue that sells physical and virtual merchandise to musicians’ super fans and is capable of hosting social listening parties and gamifying fan engagement and loyalty.

“By acquiring Napster...