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South San Mateo County, Bankruptcy Timeline Thursday, November 27     Author
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Napster as Company Folds
World News World Bankruptcy (41) USA (205) Bay Area Bay Area Bankruptcy (85) South San Mateo County (177) Business (93) Bankruptcy
2002 2001
   Redwood City (11)    Napster (6)
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Real Estate

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  Redwood City: 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 ^

Dec.10
Dec.9
Sep.27
  Defunct song-swapping service, creditors and feds agreed to appoint a trustee to oversee the bankruptcy reorganization

Sep.3
  The company had closed its doors and terminated all but a few of its remaining 42 staffers as it prepared for Chapter 7 liquidation
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
  Redwood City: A fire sale has extracted about $60 million from a business valued at $28 billion three years ago
May.14 RealNames to Shut Down  Redwood City: 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
  Redwood City: Bankrupt company will discontinue high-speed Internet service after reaching a deal with cable partners
Sep.28 ExciteAtHome sells assets to AT&T  Redwood City: Provider of high-speed access will sell its broadband business for $307 million and file for bankruptcy protection Aug.15 Egghead to file for bankruptcy  Menlo Park: Online technology merchant would sell its Web site and assets to Fry's Electronics



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