HEDGE FUND NEWS

Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.

Explore the most popular hedge fund articles and read manager columns, be heard by your peers in our user comments section, and take the news with you, using HedgeCo RSS and the new HedgeCo Widgets. With auto-tagging and tag clouds, you can quickly discover all related news on dozens of topics from our comprehensive archive of hedge fund articles. Want more? Only HedgeCo.Net lets you rank, post and share hedge fund news, using one-click access to article star ratings, popular social bookmarking websites, email, print, and even PDF.

Hedge funds taking notice of Napster

July 21st, 2008

Community Options

Share this article

Loading ...

Translate article

BloggingStocks- With the plunge in the equities markets, there are certainly some compelling opportunities. Just look at Napster Inc., an online music operator. The company has $69.8 million in the bank and a market cap of $66.4 million. Yes, Wall Street is valuing the business at below zero.

Well, hedge funds are taking notice (this is a according to Bloomberg.com). For example, Eminence Capital LLC has increased its equity stake to a cool 9%. This is usually the first step in forcing a company to sell out.