Late last year, AOL, the owners of Winamp, announced that after about 15 years, the iconic MP3 player/ripper had outlived its usefulness and would be shut down. This elicited howls of outrage from longtime users and those looking for something lighter and less bloated than iTunes.
However, a Belgian online radio coming called Radionomy has come to the rescue, snapping up the rights to Winamp. They also picked up Shoutcast, which was one of AOL’s Internet radio applications. Guesses are they paid between $5 and $10 million for both. Meanwhile, AOL has picked up a piece of Radionomy in return.
Read more at TechCrunch (which, by the way, is owned by AOL).