Napster to finally rest in peace

Napster, the peer-to-peer sharing service co-founded by Sean Parker, will merge with Rhapsody, a major on-demand music service. According to Mashable, Rhapsody signed a contract last month to purchase Napster from Best Buy, and Napster will officially die this coming Thursday. As is well known, Napster hasn't had the easiest of lives, but played a huge role in the evolution of the music distribution business. The company was started in 1999, but two years later was shut down by a court order. Napster users downloading music illegally were facing lawsuits from the Record Industry Association of America (RIAA). Of course, other peer-to-peer services, namely Kazaa and Limewire came up.

Click here for full story