Dec 26 (Reuters) - Emancipation Capital:
* EMANCIPATION DELIVERS LETTER TO REDBUBBLE CEO AND BOARD OF DIRECTORS
* EMANCIPATION CAPITAL - BELIEVES SIGNIFICANT OPPORTUNITIES EXIST WITHIN REDBUBBLE TO UNLOCK VALUE THROUGH STRATEGIC ALTERNATIVES, INCLUDING A SALE
* EMANCIPATION CAPITAL - LOOKS FORWARD TO CONTINUING DISCUSSIONS WITH REDBUBBLE
* EMANCIPATION CAPITAL - CURRENTLY BENEFICIALLY OWNS 3.4 MILLION ORDINARY SHARES IN REDBUBBLE LTD
* EMANCIPATION CAPITAL - BELIEVE THERE ARE NUMBER OF "LARGE MARKETPLACE AND PLATFORM PROVIDERS" THAT WOULD BE INTERESTED IN BUYING REDBUBBLE