socalTechnews
Home
Mobile
News and Events
  • Headlines
  • Events
  • Interviews
  • Jobs
  • Directory
    		•
    Members Only
  • Networking
  • Venture Deals
  • Venture Firms
  • Companies
    • About
  • Membership
  • About
  • Contact Us
    		•
    Search News
    Monday, September 18, 2006

    Napster Looks For Buyer
    Los Angeles-based Napster has hired UBS, an investment banking firm, to evaluate its strategic alternatives. Napster said late Monday that it is looking to enhance sharholder value, either through a new strategic partnership or sale of the company. The firm said that it has $97M in cash as of the close of the first quarter, and annual revenues of $100M. The company also disclosed that it has more than half a million subscribers. Napster operates a music download service that goes head to head against Apple's iTunes and other music serviecs.
    posted on Monday, September 18, 2006

    Related companies:
    Napster

    Related stories:
    > Napster Shifts To MP3 Format
    > Napster, Best Buy In Marketing Agreement
    > AOL Replaces Music Now With Napster
    > Napster Gives Away MP3 Players
    > Napster Loses CFO

    RSS Feed
    subscri be via emailNewsletter


    Previous news:

     Friday, September 5, 2008
    Thursday, September 4, 2008
    Wednesday, September 3, 2008
    Tuesday, September 2, 2008
    Friday, August 29, 2008