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Redwood City, Bankruptcy Timeline Tuesday, May 1 Bookmark and Share     Author
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Bankruptcy judge blocks sale of Napster
World News (13) World Bankruptcy (67) USA (336) California (187) Bay Area (12) Bay Area Bankruptcy (114) Redwood City (163) Business (44) Bankruptcy (12)
2002 (10) 2001 (2)
   Napster (7)
Bankruptcy on Wikipedia Bankruptcy on Web

Trustee (5)   Napster Business   Peninsula Bankruptcy (16)
Napster as Company Folds
Napster firesale is on  Computers and a slew of T-shirts with a cartoon cat logo will go up for auction Struggling Liquid Audio to dissolve  Internet music company may sell or liquidate its assets. Board has voted in favor of a $57 million stockholder cash payout Trustee to manage Napster in bankruptcy

year 2002 Top ^

  Defunct song-swapping service, creditors and feds agreed to appoint a trustee to oversee the bankruptcy reorganization
  The company had closed its doors and terminated all but a few of its remaining 42 staffers as it prepared for Chapter 7 liquidation

  Judge Peter J. Walsh is cited conflicting loyalties by Napster's top executive
Aug.10 Assets up for auction  Napster: The asking price is $25 million and a deadline only eight business days away Jul.29 Future Bleak After Middelhoff Resignation  Napster: With the resignation of chief executive of Bertelsmann AG, the future looks bleaker for the debt-riddled company Jun.3 Napster files for Chapter 11 bankruptcy
  Industry heavyweight Bertelsmann AG follows through on a plan to take over what's left of the Internet music-swapping service
May.28 ExciteAtHome to auction off final remains  A fire sale has extracted about $60 million from a business valued at $28 billion three years ago May.14 RealNames to Shut Down  Microsoft has refused to renew a contract to use RealNames technology in the Internet Explorer

year 2001 Top ^

Dec.4 ExciteAtHome will cease in February
  Bankrupt company will discontinue high-speed Internet service after reaching a deal with cable partners
Sep.28 ExciteAtHome sells assets to AT&T  Provider of high-speed access will sell its broadband business for $307 million and file for bankruptcy protection

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