December 8, 2002
In a surprising and very unexpected move, CD burning firm Roxio has announced it will purchased certain remaining assets of file sharing giant Napster for $5,300,000.00. Certainly Roxio owed a huge debt to Napster fans. The company benefited mightily from the file sharing phenomena which exploded demand for Roxio CD burning software as users burned CD's of downloaded music.

Napster, which has been on life support for months, was snapped up by Roxio in a transaction that included all of Napster's intellectual property and also its technology patent portfolio.

Thankfully Roxio's $5.3 million bid bettered one by porn provider Private Media Group. It would be painful to watch Napster's legion of loyal fans be greeted by tits and ass when they entered the Napster domain.

Meanwhile, on-line auctioneer DoveBid will host a webcast of Napster's remaining hard assets at The Marriott in Santa Clara, CA, and bring to a conclusion the seemingly endless travails of the much maligned file-swapping music service.

Items for sale include all of Napster's fixed assets and will included such desired memorabilia as furniture, IT equipment, phone systems, televisions, computers, and Napster hats, jackets, and t-shirts with the Napster logo. While major corporations or liquidators are expected to claim most assets, fans are expected swarm the site which will allow electronic bidding.

The Napster webcast will begin at 9:00 a.m. Pacific Standard Time on December 11.