German media giant Bertelsmann has made an offer to completely take over the Che Guevara of online music, Napster.
Bertelsmann's chief executive Thomas Middelhoff said in an interview with the German newspaper Die Welt published on Friday.
"Our solution is to take over Napster completely. We plan to buy out the former owners, most of all venture capitalist Hummer Winblad Venture Partners and some private investors like John Fanning, who is the uncle of the founder Shawn Fanning," Middelhoff is quoted as saying in the newspaper.
A Bertelsmann spokeswoman confirmed the comments made in Die Welt, but declined to comment any further. Representatives from Napster could not be reached for comment.
Napster, with the help of the Bertelsmann, has been in the process of attempting to transform itself from a free peer-to-peer file-swapping service mired in court battles over charges of copyright infringements to a legal digital music subscription service.