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Bearshare developer will settle with RIAA and close

Filed in archive Companies , Legal , RIAA, MPAA by Marc on May 04, 2006

Bearshare developer will settle with RIAA and close
Free Peers, developer of bearsharelinks, agreed to settle with RIAA. BearShare operated on the Gnutella P2P network. As part of the settlement: > BearShare will pay RIAA $30 million US. > Free Peers will shut down its business > BearShare technology, domain, and users will be sold to a subsidiary of iMesh for an unspecified amount. iMesh was the first major P2P developer to settle with RIAA for $4.1 million in 2004 and relaunched as an authorized and filtered service in 2005.


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