Blog Post

Napster’s Shares Tanks After Japan JV Confusion

Napster’s shares tanked in late trading today (11 percent), after an SEC filing caused confusion about the status of its Japan joint venture (I got confused too after I got the SEC filing alert…too technical for me to decipher it).

So much so that the company issues a late release reiterating no change in the agreement..

Related: Napster and Tower Records Creates Japanese Joint Venture; $10 Million Investment