Napster on the auction block

Music subscription service Napster has hired UBS Investment Bank to assist the company in "establishing strategic partnerships," including a potential acquisition. The company recently began offering a mobile, full-track music download service in the U.S. with Southeastern regional carrier SunCom. As the only fully independent music subscription service, Napster's long-term viability has been a question mark for some time and has been seen as a potential acquisition source for more than a year. CEO Chris Gorog says that the company's goal is to continue operating as a standalone service.

Get the full story on Napster's plans:
- in the Los Angeles Times article