Napster considering selling the company or other possible ventures

Napster considering selling the company or other possible ventures

Napster Inc. has said that they are considering selling the company or possible ventures with other company as they aim to survive in the complicated digital music sales market.

This news itself helped the company improve its share price at the stock exchange. Chris Gorog, Napster’s chief executive, said in an interview: “There’s been interest by third parties to acquire the company. That activity has heated up as we’ve gotten traction with a lot of our new products.”

They have also hired on investment bank UBS to help it look into the possibilities. Napster went legit in 2003 after it was acquired by software company Roxio.

The digital music sales market is dominated by Apple Computer and this has made tough for the alternative companies to survive. Even Microsoft is now planning to come out with their own player, which would be supported by its own digital music service.