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Metropolis Reality Forums « Napster Assets up for Auction »

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Napster Assets up for Auction
« on: Aug 13th, 2002, 8:06am »		 Quote Quote Modify Modify
NAPSTER ASSETS UP FOR AUCTION
    Associated Press
 
    The assets of file-sharing service Napster Inc. went up for
    auction Friday with an asking price of $25 million and a deadline
    only eight business days away. Trenwith Securities, a Costa
    Mesa-based securities firm, was hired by Napster's creditors to
    help generate interest between now and the Aug. 21 bid deadline.
    Trenwith has been pitching to everyone from venture capitalists,
    music retailers and media firms to major record labels that drove
    Napster into bankruptcy this year.
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