Shawn Fanning's company sold for $15 million, not $30 million

Owen Thomas — Mon, 04 Aug 2008 16:40:00 PDT

Napster founder Shawn Fanning never got a payday for his greatest creation. His latest, videogame social network Rupture, sold earlier this year — but for less than rumored. The actual price Electronic Arts paid, an SEC filing reveals, was $15 million, not $30 million. [Silicon Alley Insider]

Shawn Fanning might never have to pitch Volkswagens again

Nicholas Carlson — Fri, 09 May 2008 08:40:00 PDT

Finally, Napster creator Shawn Fanning will make a little bank. After Napster went bankrupt and he sold Snocap to Imeem for not much at all, Fanning and cofounder Jon Baudanza have sold social network startup Rupture to Electronic Arts for $30 million. The best part: Fanning and Baudanza did it without launching a product out of beta. All Rupture ever built was a still-in-beta network for World of Warcraft gamers. Investors cashing in on the Volkswagen pitchman's payday (see video) include Ron Conway, Joi Ito, Reid Hoffman, and Baseline Ventures.

Valleywag: Rupture

Shawn Fanning's company sold for $15 million, not $30 million

Shawn Fanning might never have to pitch Volkswagens again