Napster retains UBS to look for sale

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Napster, the former Silicon Valley music sharing site, has hired investment bank UBS to help it look for a sale.

Napster, now based in Los Angeles and pursuing a legal music download site after having had an outlawed past, is making decent revenues in excess of $100 million a year.

But it is losing money, and the competition in the area is only increasing.

VentureBeat’s VB Insight team is studying marketing analytics... Chime in here, and we’ll share the results.