Details on Novafora-Transmeta Asset Auction
[Updated] Earlier this year, VC-backed video processor startup Novafora Inc. acquired publicly-listed Transmeta Corp. for $255 million. Several months later, the combined company shut its doors and hired a trustee to sell Transmeta's intellectual property (designed, in part, by Linus Torvalds). peHUB has now learned details of the asset auction, which is scheduled to take place on October 30 and be run by Power Auctions LLC. According to an email, "We will sell the assets by using an ascending-clock auction process, rather than by a sealed-bid auction or an eBay-style auction." The minimum asking price is just $800,000, a figure that combines four different "items" being sold. For example, the minimum bid for Transmeta's technology -- "including its servers with all code and documentation, the source code for code-morphing and various prototype hardware" -- is just $225k. The licenses have a floor of $500k, while Novafora's "spika" and "video genome" technologies are at $50k and $25k, respectively.
