Deal Gives Worldspace Unsecured Creditors $1.3M

By Brendan Pierson (April 28, 2009, 12:00 AM EDT) -- A court has approved a deal between bankrupt satellite radio company Worldspace Inc., its unsecured creditors, secured lenders and proposed buyer Yenura Pte. Ltd. under which secured lenders will be paid slightly less than their full claims in order to offer a modest payment to unsecured creditors....

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