A company claiming to own the world’s largest collection of porn has bid to buy Napster, the bankrupt online music company.
Private Media Group Inc., a public company based in Barcelona, Spain, said it had offered one million shares of common stock in exchange for Napster’s assets.
The company plans to use Napster’s file swapping system to distribute its huge library of adult material.
The bid came after a court last week accepted objections by creditors to the company’s buyout by German media giant Bertelsmann AG.
Private Media said it hopes to create a peer-to-peer trading system that would facilitate the trading of adult content, with a free and a fee-based subscription offering.
The company said it aims to develop a legal file-swapping community for adults to share sex content. – Sapa-DPA