Beleaguered online-music pioneer Napster announced to shareholders in a letter Friday that it's still employing investment bank UBS and may be positioning itself for "strategic alternatives" to keeping the company public--i.e. a sale.
The letter was sent on behalf of Napster's board in order to urge shareholders to not vote for three activist candidates for the board. "The press release recently filed by the dissident group appears to imply that your board is not willing to consider a sale of the company," the letter read. "This is not true."
The board … Read more