AT
The Name Cakewalk has some value, even if every baker is gone and the code is old. Not much. And, of course, if Gibson goes down all the code will be available for sale by the bankruptcy court.
Having participated in several business acquisitions in the past, the basic method for valuing a business is essentially net assets (after liabilities) and/or, roughly, 5 times earnings (net) using an average over the last five years. If Cakewalk was losing money since Roland owned them, that doesn't leave much value is the eyes of a prospective buyer. It is unfortunate, but white knight investors are very rare. We don't know how much debt Cakewalk has incurred, and much of it may be owed to Gibson (on paper). I believe it will be tough to put together a deal that would be good for both an investor as well as Gibson.
We can always hope, and if Sonar is resurrected in the future, I'll take a look at it.
Regards,
Dan