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Rhapsody loses president, CFO, gets new investor

Tuesday 17 September 2013 | 09:16 CET | News
Digital on-demand music service Rhapsody International has launched a major company shake-up, with plans to lay off 15 percent of staff as it "rebalances and restructures" US operations and invests in Europe and emerging markets. Jon Irwin will step down as president and continue as a strategic advisor. Ethan Rudin will take the role of CFO, succeeding Adi Dehejia. The plan was launched after Columbus Nova Technology Partners (CNTP) signed a deal to become a "significant shareholder" in Rhapsody International, known as Rhapsody in the US and Napster in Europe. Jason Epstein and Andrew

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Categories: Internet / Mobile & Wireless
Companies: Napster / Rhapsody
Countries: World
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