Napster Exploring Sale, Merger

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Online music retailer Napster Inc. said it has hired UBS Investment Bank to assist the Los Angeles-based company in a possible sale.


Napster said that UBS would help explore options and alternatives including a sale or possible alliance. No specifics were released.


On the news of a possible sale or merger, Napster’s shares jumped to a four-month high, surging as much as 18 percent, to $4.13.

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