Napster: Takeover Speculation Continues
July 19, 2008 at 04:16 AM EDT
Let the speculation begin. According to Bloomberg - Napster Inc. (NAPS), Internet’s first peer-to-peer music sharing service - could potentially become a takeover target. The Los Angeles-based company, which has seen its stock meltdown to 95% in six years - has become takeover bait for hedge funds as its cash on hand ($69.8 mln) exceeds [...]