Ch. 11 Auction Drives Videology Inc. Sale Price To $119M

Law360 (July 17, 2018, 7:21 PM EDT) -- A Delaware bankruptcy judge on Tuesday approved the $119 million sale of advertising software company Videology Inc. to a marketing technology company at a price driven up about $72 million by a competitive auction between two bidders.

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon approved a sale order for stalking horse bidder Amobee Inc., a global marketing company and subsidiary of Singapore Telecommunications Ltd., or SingTel, to purchase the company at a significantly increased price from what it offered to pay in May. The judge called the auction results "welcome and extraordinary."

After the July 13 auction,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!