Napster retains UBS to look for sale

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.

Biggest alternative energy VC deal, for Cilion, confirmed

Biggest alternative energy VC deal, for Cilion, confirmed

(Update: More investor info and other detais below)

When we launched Thursday morning, our first story was a scoop about ethanol company Cilion raising the largest venture round ever — $200 million — for an alternative energy company.

Of course, the story got buried when our site went down. We confirmed the story yesterday attorneys from Morgan, Lewis & Bockius, who handled the transaction for Cilion: Denis Segota and Matthew Bartus.

In May, the central California… Continue Reading