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Spinner Networks Inc

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June 2, 1999 | Bloomberg News
America Online Inc. said it acquired closely held Internet music companies Spinner Networks Inc. and Nullsoft Inc. for $400 million in stock. Dulles, Va.-based AOL, the world's largest online service, said it wants to give customers the latest technology for playing and recording music over the Internet. Spinner's jukebox service has 1.5 million users each month and broadcasts 2 million songs daily over its Spinner.com Web site. Sedona, Ariz.
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BUSINESS
June 3, 1999 | P.J. Huffstutter
Music software developer Nullsoft Inc., which was acquired this week by America Online Inc., settled a $20-million federal copyright infringement suit filed by a Los Angeles rival just days before the buyout deal was closed. The lawsuit, filed in U.S. District Court in Los Angeles in March, claimed that Nullsoft founder Justin Frankel did not pay to use program code developed by PlayMedia Systems Inc.
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