Napster Hires UBS, Eyes Possible Sale
A Reuters newswire article, via CNN/Money, reports that:
Online music service Napster Inc. said Monday that it hired UBS Investment Bank to help it look at strategic alternatives, which could include the sale of the company.More here.
The company said the move was in response to what it said was "recent third-party interest."
Napster, originally an online song-swapping service, was forced to close in July 2001 after a series of legal battles over copyright infringement.
It relaunched as a legal download site in 2003, having been bought by software company Roxio.
posted by Fergie @ 9/18/2006 04:11:00 PM
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