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