Cnet.com has a late Monday update on the sale of Napster’s assets.
According to an investment banker handling the process, over a dozen companies have bid for the assets of the granddaddy of P2P services.
Among them, of course, is Private Media Group, the Barcelona-based adult entertainment company. However, their bid, which amounts to about $2.85 million based on Private Media’s current share price, puts it well beneath the minimum bid threshold set by the investment bank on Sept. 3.
Bidding ends tommorrow (9/17) with the winner to be selected by 9/27.
Read it here.
