|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the NAPS 10-K filed Jun 6, 2007. Sale of Consumer Software Division
On December 17, 2004, we sold substantially all of the assets and liabilities of CSD, including all of the capital stock of certain international subsidiaries historically included in CSD, to Sonic. The remaining international subsidiaries historically included in CSD were substantially liquidated as of December 17, 2004. Sonic paid us a total of $74.7 million in cash and 653,837 shares of Sonic common stock, valued at approximately $13.6 million as of the closing date. The transaction was structured as an asset sale. The disposition is accounted for as a discontinued operation in accordance with SFAS No. 144, “Accounting for Impairment or Disposal of Long-Lived Assets”. Therefore, the results of operations of CSD have been reclassified to results of operations from discontinued operations for all periods presented.
This excerpt taken from the NAPS 10-K filed Jun 9, 2006. Sale of Consumer Software Division
On December 17, 2004, we sold substantially all of the assets and liabilities of CSD, including all of the capital stock of certain international subsidiaries historically included in CSD, to Sonic. The remaining international subsidiaries historically included in CSD have been substantially liquidated as of December 17, 2004. Sonic paid us a total of $74.7 million in cash and 653,837 shares of Sonic common stock, valued at approximately $13.6 million as of the closing date. The transaction was structured as an asset sale. The disposition is accounted for as a discontinued operation in accordance with SFAS No. 144, “Accounting for Impairment or Disposal of Long-Lived Assets”. Therefore, the results of operations of CSD have been reclassified to results of operations from discontinued operations for all periods presented.
This excerpt taken from the NAPS 10-K filed Jun 13, 2005. Sale of Consumer Software Division
On December 17, 2004, we sold substantially all of the assets and liabilities of CSD, including all of the capital stock of certain international subsidiaries historically included in CSD, to Sonic. The remaining international subsidiaries historically included in CSD have been substantially liquidated as of December 17, 2004. The transaction was structured as an asset sale. The disposition is accounted for as a discontinued operation in accordance with SFAS No. 144 “Accounting for Impairment or Disposal of Long-Lived Assets”. Therefore, the results of operations of CSD have been reclassified to results of operations from discontinued operations for all periods presented.
This excerpt taken from the NAPS 10-Q filed May 12, 2005. Sale of Consumer Software Division
On December 17, 2004, Napster sold substantially all of the assets and liabilities of CSD pursuant to the Agreement with Sonic. The transaction was structured as an asset sale. The disposition is accounted for by Napster as a discontinued operation in accordance with SFAS No. 144 “Accounting for Impairment or Disposal of Long-Lived Assets”. Therefore, the results of operations and cash flows of CSD have been reclassified to results of operations and cash flows from discontinued operations for all periods presented.
This excerpt taken from the NAPS 10-Q filed Feb 9, 2005. Sale of Consumer Software Division
On December 17, 2004, Napster sold substantially all of the assets and liabilities of CSD pursuant to the Agreement with Sonic. The transaction was structured as an asset sale. The disposition is accounted for by Napster as a discontinued operation in accordance with SFAS No. 144 “Accounting for Impairment or Disposal of Long-Lived Assets”. Therefore, the results of operations and cash flows of CSD have been reclassified to results of operations and cash flows from discontinued operations for all periods presented.
| EXCERPTS ON THIS PAGE:
|
| |||||||
