Mashboxx in Grokster 'takeover talks'
Tony Smith writes in The Register:
One-time Grokster CEO Wayne Rosso could end up running the once again if claims in today's Wall Street Journal that his current operation, Mashboxx, is trying to buy the controversial P2P software company prove correct.
The financial terms on which such a deal might be struck are not known, but the WSJ speculates that Grokster's owners might take a cut of Mashboxx's future revenues.
Mashboxx was founded last year by Rosso to build a legal peer-to-peer network. The company's P2P client uses Snocap's major label-supported music identification system to tracks downloads. When a user downloads a track that's in Snocap's database, he or she is given the chance to pay for the privilege. The download is protected by DRM code.
Snocap was founded by Napster creator Shawn Fanning to create the infrastructure necessary for legal P2P services to operate.
posted by Fergie @ 9/19/2005 06:20:00 AM
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