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Napster Up For Sale

Napster, once known as an online song swapping service was forced to close its gates over 5 years ago following a series of legal battles over copyright infringement. After two years, in 2003, the company was bought by software company Roxio. Looking for an interesting chapter three in their ongoing saga, Napster are reporting a certain third party interest, which led them to hire a UBS Investment bank to help out in looking for strategic alternatives, and selling the company could be one of the alternatives.

The company`s top priority is to keep growing, but according to plan b, the main goal is to enhance shareholder value which could potentially lead to the possible acquisition of Napster. The announcement sent Napster?s Nasdaq-listed stock up 12.4 percent in after-market trading, to $3.99. The company set no timetable for finalizing the evaluation, and said the talks may not result in any deals.