Roxio, Inc., a company that produces CD-burning software, has reportedly agreed to acquire all of the intellectual property and technology patent portfolio of now-defunct Napster for the sum of $5.3 million plus 100,000 warrants in Roxio stock. While Roxio will acquire all of Napster's assets, it reportedly will not assume any of Napster's liabilities, which include pending litigation. The federal bankruptcy court that is handling Napster's bankruptcy case must first approve Roxio's acquisition of Napster. If approved, the acquisition will be a bargain for Roxio, as Napster's assets were initially valued at $6 million. The Napster acquisition would be a good fit for Roxio, as Roxio has recently been involved in legitimate online music access. Roxio and EMI Group recently signed a distribution agreement where Roxio's customers (for a service fee) can legally download music, transfer it to MP3 players and servers, as well as burn CDs.