posted Nov 14, 2000

MP3.com, Universal Settle
Music & MP3
11/14/2000; 4:40:10 PM 'MP3.com will pay $53.4 million in damages to Universal Music Group, the world's largest record company, to resolve the copyright infringement case between the two companies, a judge ruled Tuesday.

'Separately, MP3.com and Universal struck a deal for Universal to buy "a significant amount" of MP3 warrants, the chief executive of MP3 said.'


 

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