Roxio To Acquire Pressplay for $30 Million

Roxio is close to a deal to acquire Pressplay, the online-music operation owned by the music units of Vivendi Universal and Sony, for about $30 million in cash and stock. The proposed deal is part of a plan under which Roxio would wind up launching a music service under the name of the defunct file-swapping network Napster.

Also see the story: Music service may take familiar name: Napster