January 25, 2002
Judge Approves Sale of netLibrary's E-Books to Nonprofit Library Group
A federal bankruptcy judge this month approved the sale of netLibrary's 40,000 e-books and other assets to OCLC Online Computer Library Center, Inc., a nonprofit library organization. The sale, which is subject to a 10-day appeal period, would leave netLibrary's e-book operations largely intact as a subsidiary of OCLC.
The troubled e-book company, which was founded three years ago and is based in Boulder, Colo., filed for Chapter 11 bankruptcy protection in November after failing to
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