New York Post claimed earlier today that Google was in talks with Napster about an alliance but a couple hours later Google officially denied this.
The report in Tuesday's New York Post said the two companies were in discussions about an "extensive alliance" that could include an "outright acquisition" sent Napster shares up more than 40 percent in early trading on NASDAQ.
A spokesman at Google's Mountain View, California headquarters was not immediately available to comment. However, a spokeswoman in Google's U.K. office told Reuters, "I can completely deny the report."
Google says they don't have plans at this time to roll out a music store, or to compete with existing online and offline music retailers.