Thursday, December 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
North Korea Linked To Recent Sony Hacking
Sony Global Education Established
CEA and Japan Audio Society to Jointly Promote Hi-Res Audio
Intel, IBM Follow Different Strategies On 14nm FinFET
Toshiba Announces 6TB Enterprise Capacity HDD Models
WebOS 2.0 Smart TV Platfom To Debut At CES
ICANN Targeted in Phishing Attack
BlackBerry Classic Makes Official Debut
Active Discussions
Windows xp
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > Napster...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, September 19, 2006
Napster Considers Selling Up


According to Vunet, Napster admitted yesterday that it is considering putting itself up for sale.

The music network has retained UBS Investment Bank to evaluate options in response to recent third-party interest in establishing strategic partnerships or potentially acquiring the company. Chris Gorog, chairman and chief executive at Napster, said: "Napster is in a strong position to continue aggressively building our business as an independent company."

Nand Gangwani, the company's chief financial officer, added that Napster has a balance sheet with a cash position of $97m as of the close of the first quarter and annual revenues in excess of $100m.

For the second half of fiscal 2006, the firm projects an increase in subscription growth from a base of more than half a million subscribers. The company also plans to launch in Japan this year.

Napster has not set a definitive timetable for completion of its evaluation, and explained that there can be no assurances that the evaluation process will result in any specific action.


Previous
Next
OCZ Technology Announces New Ultra Portable 'Roadster' USB Flash Drives        All News        MSI Adds CrossFire To P965 Platform
Russian sites using new IE bug to install spyware     General Computing News      Microsoft files 20 software lawsuits

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Rhapsody and Napster Wind Down Partnership With Echo Nest
Best Buy to Buy Napster For $121 million
Napster Launches MP3 Store
Napster to Offer 100% DRM-Free MP3 Downloads
AT&T to Offer Napster on Samsung SLM
Napster, AT&T in Wireless Music Tie-up
AOL Signs Napster as Music Subscription Service
Napster launches Japanese service
One-time music industry nemesis matures into copyright guardian
Napster to Offer Music For Free
Napster Says It's Microsoft's Fault
Google Denies Report on Napster Talks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .