So says this Sunday Times story from UK…I would be surprised about Google..too tangential to their business…Loudeye’s music business is B2B and Google, when it starts its music biz, would be consumer. I could see MSFT to kickstart their music efforts, especially in Europe…and of course, the still vaporware Amazon music service might get a kick with it.
Mike Brochu, Loudeye CEO, is pretty pragmatic about it: “Ideally, I would like to continue to build it,” he said. “That would be my wish. The pragmatic side of me says that if the right opportunity came along from a strategic buyer, my first responsibility is to the shareholders.”
John Cook: Readers have e-mailed me in the past couple of weeks asking about the huge trading volumes in Loudeye stock. And as the The Times story points out, this could be an indicator of a buyer swooping in. In fact, average trading volume this month is 67.9 million shares. That compares to just 3.6 million shares last month. Still, the stock is stuck around 61 cents.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post