While Roxio may be nabbing Napster Inc.’s intellectual property, DoveBid Inc. plans to auction the company’s fixed assets on December 11, 2002. It’s one of the final death-rattles of the once high-flying music sharing service, which filed for Chapter 11 bankruptcy protection.
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Roxio Inc. develops CD burning utilities for Mac and Windows computers, including Toast 5 Titanium and Jam. Roxio announced in November plans to acquire Napster’s intellectual property. At the time of the announcement, Roxio CEO Chris Gorog said that the acquisition would expand Roxio’s “role in the digital media landscape,” though he stopped short of providing specific details.
DoveBid, meanwhile, plans to auction the physical assets of Napster in a separate arrangement. The company will hold an auction on December 11, 2002 starting at 9:00 am Pacific Time. It takes place at The Marriott in Santa Clara, Calif. and will be Webcast as well. At that time, DoveBid will auction IT equipment including switches, routers and firewalls; laptop and desktop computers and peripherals; and Napster-related memorabilia including shirts, hats and jackets.
DoveBid Inc. is a capital asset auction and valuation services provider based in Foster City, Calif. The company periodically holds auctions of Apple equipment as well. The company said that it has more than 100 upcoming auctions on its calendar.