LiveOne exploring strategic options after $207M Napster sale

LiveOne (LVO) announced that it is exploring strategic options following the $207M Napster sale. Robert Ellin, Chairman and CEO, commented, “In evaluating the market landscape, we firmly believe that our current stock valuation fails to accurately reflect the company’s intrinsic value. Recent transactions, such as the sale of Napster for $207 million, reinforce our conviction that our assets and growth prospects are significantly undervalued. Furthermore, given the global interest in the company and our subsidiaries, we are initiating a strategic review to explore alternatives that enhance shareholder value.”