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# Napster Possible Takeover Target
- URL: https://www.hypebot.com/napster-possibl/
- Published: 2008-07-21T07:39:25.000Z
- Updated: 2008-07-21T07:39:25.000Z
- Description: With a sub $2 stock price but cash on hand of nearly $70 million, Napster has become an attractive target for firms like JDS Capital Management, the hedge fund that. Continue reading [https://www.hypebot.com/hypebot/2008/07/napster-possibl.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 11:06

[![Napster](https://spcdn.shortpixel.ai/spio/ret_img,q_cdnize/www.hypebot.com/hypebot/images/2008/07/21/napster.jpg "Napster")](https://www.hypebot.com/.shared/image.html?/photos/uncategorized/2008/07/21/napster.jpg)

  
With a sub $2 stock price but cash on hand of nearly $70 million, Napster has become an attractive target for firms like JDS Capital Management, the hedge fund that owns eMusic and most of The Orchard. JDS bought 1 million shares of Napster in the first quarter.

Anticipating a takeover, Munder Capital Management which oversees $30.9 billion increased its Napster holdings by 36% as of March 31st. "The valuation’s absolutely dirt cheap,” Munder’s Ken Smith told [Bloomberg](http://www.bloomberg.com/apps/news?pid=20601103&sid=aoh.JuHEG690&refer=news&ref=hypebot.com). “The scenario that provides the highest value for shareholders is a sale to a strategic buyer (like JDS)."