LiveOne Exploring Strategic Options After $207 Million Napster Sale

MT Newswires Live

04-30

LiveOne (LVO) said Wednesday it is mulling strategic alternatives after the $207 million Napster sale.

LiveOne's current stock valuation "fails to accurately reflect" its value, Chief Executive Robert Ellin said, adding that the company is initiating a strategic review to assess options that improve shareholder value.

Shares of the company rose 2.2% in recent Wednesday trading.

Price: 0.77, Change: +0.02, Percent Change: +2.16

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