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| | Napster assets auctioned; Bertelsmann to bid high (Site not responding. Last check: 2007-10-02) |
 | | Bertelsmann is expected to be the highest bidder in the auction, as it guns to use Napster to launch an online music subscription service. |
 | | What's more, Bertelsmann is offering to waive some $90 million in loans, plus an additional $5.1 million in debtor-in-possession credit it extended to keep Napster afloat, making its final bid worth more than $100 million, according to Rick Chance, managing director of investment banking at Trenwith. |
 | | Despite Bertelsmann's hefty bid, Trenwith is casting a wide net for the Redwood City, Calif., company's assets, internationally and to a variety of industries, Chance said. |
| www.computerworld.com /softwaretopics/software/groupware/story/0,10801,73407,00.html (1023 words) |
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