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
(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