software licenses no blue light specials

Kmart's attempts to sell off their internet provider, bluelight.com, has hit a major snag in the form of software licenses. An interesting thread over at slashdot looks at the Microsoft's objection to the transfer of licenses involved in the sale. I'm wondering how many corporations are reviewing the terms of their software licenses upon hearing about this. It's impossible to tell from the facts presented whether bluelight.com is a separate company in possession of the licenses, or if Kmart is the licensee.