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New York – LimeWire, the veteran file-sharing service that
was ordered shut down by a federal judge in October, has sold its LimeExchange services
marketplace to Freelancer.com, All Things D reports.

Financial terms of the
transaction were not disclosed.

After the unfavorable court ruling that ordered
a halt to distribution of its file-sharing application, New York-based LimeWire
signaled it would shutter its legal music store, and abandon a year-long effort
to build a legal file-sharing service.

The company still faces court hearings
that will determine what damages it faces on copyright infringement claims from
the record labels.

 

Related Links:
http://tinyurl.com/2ankahl

(All Things D)

http://tinyurl.com/24cxnux
(DMW previous coverage)

http://www.limeexchange.com

http://www.freelancer.com

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