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Short Take: Liquid Audio nets $20 million in financing

Liquid Audio secured $20 million during its third round of private financing. Investors include Microsoft cofounder Paul Allen, Intel, a division of MediaOne Group, an affiliate of privately-held Metromedia, Hummer Winblad Venture Partners, Phoenix Partners, and Vulcan Ventures. The online company will partner with MediaOne and Metromedia to deliver music via broadband services.