Digital media consumer software maker Roxio, parent of the new Napster, has received about $22.5 million in equity financing. Undisclosed “independent accredited institutional investors” have bought about 5.5 million shares of the company at $4.10 per share.
The money will add to Roxio’s working capital as it “continues to expand its activities in the digital media sector.” That, and the money it is bleeding through Napster…
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