Tech Company Infinite Reality Acquires Music Streaming Service Napster for $207 Million

Infinite Reality plans to transform Napster into a social music platform.

Napster song gift cards on display at a Best Buy store in San Francisco, Calif., on Dec. 29, 2005. Justin Sullivan/Getty Images

Infinite Reality, a tech innovation company based in Norwalk, Connecticut, has entered into an agreement to buy Napster for $207 million.

The immersive tech company, which was formed in 2019 and backed by artists such as DJ Steve Aoki and the pop rock band Imagine Dragons, announced the deal in a news release on Tuesday.