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Brandweek, June 7, 1999
America Online, Dulles, Va., last week acquired Net radio company Spinner.com and technology company Nullsoft, maker of the MP3 player Winamp and MP3 streaming audio system SHOUTcast. The stock-for-stock transaction is valued at approximately $400 million. Following the acquisition, Hollywood, Calif.-based music software developer PlayMedia settled its $20 million lawsuit against Nullsoft, which will move its operations from Sedona, Ariz.
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to San Francisco when it merges with Spinner.com.
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