Thank you very much, WT!
Quote:
Originally posted by walktalker
Napster draws over a dozen bids
More than a dozen bidders have expressed interest in buying the assets of bankrupt online music-swapping site Napster, an investment banker handling the bidding process said on Monday. Rick Chance, managing director at Trenwith Securities, the investment banking unit of BDO Seidman LLP, said that the bids will be analyzed and the bank will provide a recommendation to Napster's official creditors committee later this week. Bidding will close for Napster's assets on Sept. 17. In a ruling on Friday, a bankruptcy judge gave Trenwith and the committee until Friday, Sept. 27 to select the highest and best bidder for Napster's assets, Chance said. The Napster asset sale has drawn both U.S. and international bidders.
http://news.com.com/2100-1023-958118.html?tag=fd_top
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It would be interesting to know what kind of wishful brand builders are after Napster (besides the Spanish company wanting to make Wankster out of it...
)
- tg
