EA Buying Shawn Fanning’s Rupture for $30 million (ERTS)

Shawn Fanning

Shawn Fanning’s third startup didn’t go the way of his first or his second. Electronic Arts is buying Rupture, a social network for online gamers, for $30 million, TechCrunch reports. That’s a lot better than Napster, which was crushed under the weight of copyright infringement lawsuits, or SnoCap, which was sold to imeem for pennies on the dollar. But he has been able to pull down some dough in between — he starred in a VW commercial earlier this year.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.