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Napster pockets more Bertelsmann cash

Napster confirmed that it has received another round of funding from Bertelsmann, which sources familiar with the situation say is close to $25 million. Including a recent commitment to pay a $36 million bill from music publishers, the round brings Bertelsmann's ongoing Napster tab close to $125 million. The file-swapping company did not confirm figures but said "Bertelsmann did commit to a fixed amount of further funding, a portion of which was tied to our recent technology licensing deal." Bertelsmann's e-commerce division licensed a block of Napster technology last week but did not decide to use the core file-swapping service.

Napster confirmed that it has received another round of funding from Bertelsmann, which sources familiar with the situation say is close to $25 million. Including a recent commitment to pay a $36 million bill from music publishers, the round brings Bertelsmann's ongoing Napster tab close to $125 million.

The file-swapping company did not confirm figures but said "Bertelsmann did commit to a fixed amount of further funding, a portion of which was tied to our recent technology licensing deal." Bertelsmann's e-commerce division licensed a block of Napster technology last week but did not decide to use the core file-swapping service.