Tuesday, September 19, 2006

Napster Considering A Sale

Napster to explore sale, cites interest
Monday September 18, 8:54 pm ET By Duncan Martell, Reuters

Napster Inc. (NASDAQ:NAPS - News) said on Monday it was considering selling the company or other possible ventures with outsiders looking to hook up with the once-notorious online music service. Shares of Napster surged 11 percent to a four-month high. "There's been interest by third parties to acquire the company," Chris Gorog, Napster's chief executive, said in an interview, adding that other proposals had included strategic partnerships or joint ventures. "That activity has heated up as we've gotten traction with a lot of our new products."...LINK TO FULL ARTICLE