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Assets of Online Media Company

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Assets of Online Media Company



Price: $90,000,000.00


Other Item Info
Item #: nysbke_267146
Created: 06/15/2016
Category: Business Property > All Assets or Going Concerns > Media
Sale Location: New York, New York
Sale Date: Fri. Jul 29, 2016
Seller Info
Gregg M. Galardi
Debtor's Attorney
1211 Avenue of the Americas
New York, NY 10036
212-596-9000
Bankruptcy Info
Case #: 1:16-bk-11700
Case Title: Gawker Media, LLC
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of assets of Gawker Media, LLC which includes:

  1. all Accounts Receivable of any Seller as of immediately prior to the Closing;
  2. all items of machinery, equipment, supplies, furniture, fixtures and leasehold improvements (to the extent of any Seller’s rights to any leasehold improvements under the Non-Residential Leases that are Assumed Contracts) owned by any of the Sellers and all other Furnishings and Equipment as of the Closing;
  3. without duplication of the above, all other current assets of any Seller as of the Closing;
  4. without duplication of the above, all royalties (except for any royalties under any Excluded Asset), advances, prepaid assets and deferred items, including all prepaid rentals, unbilled charges, fees and deposits, prepaid insurance premiums, and other prepayments of any Seller as of the Closing to the extent relating to Acquired Assets or Assumed Contracts;
  5. all Intellectual Property owned by any Seller, including the Intellectual Property set forth on Section 3.8(a);
  6. all Technology owned by any Seller;
  7. all Records, excluding Records related to Taxes paid or payable by any Seller;
  8. except for the Excluded Claims, all Litigation of any Seller as of the Closing against any Persons (regardless of whether or not such claims and causes of action have been asserted by Sellers) and all guaranties, rights of indemnity, warranty rights, rights of contribution, rights to refunds, rights of reimbursement and other rights of recovery, including rights to insurance proceeds, possessed by any Seller as of the Closing (regardless of whether such rights are currently exercisable), including, without limitation all Avoidance Actions;
  9. all Assumed Contracts;
  10. all goodwill associated with the Business or the Acquired Assets, including all goodwill associated with the Intellectual Property owned by Sellers;
  11. all rights of any Seller under non-disclosure or confidentiality, noncompete, or nonsolicitation agreements with current or former employees, directors, independent contractors and agents of any Seller or with third parties for the benefit of any Seller, in each case to the extent relating to the Acquired Assets and/or the Assumed Liabilities (or any portion thereof);
  12. subject to Section 2.7(h), all of the Assumed Permits, or, to the extent provided in Section 2.7(h), all of the rights and benefits accruing under any Permits relating to the Acquired Assets;
  13. the amount of, and all rights to any, insurance proceeds received by any Seller after the date hereof in respect of (i) the loss, destruction or condemnation of any Acquired Assets of a type set forth in Section 2.1(a) or 2.1(e), occurring prior to, on or after the Closing or (ii) any Assumed Liabilities;
  14. all other rights, demands, claims, credits, allowances, rebates or other refunds, rights in respect of promotional allowances or rights of set-off and rights of recoupment of every kind and nature (whether or not known or unknown or contingent or non-contingent), other than against any Seller, arising out of or relating to the Acquired Assets as of the Closing, including all deposits, including customer deposits and security deposits (whether maintained in escrow or otherwise) for rent, electricity, telephone or otherwise, advances and prepayments;
  15. to the extent transferable, all Insurance Policies that Buyer designates in writing to Sellers as Acquired Assets hereunder, and all rights and benefits of any Seller of any nature (except for any rights to insurance recoveries thereunder required to be paid to other Persons under any order of the Bankruptcy Court or relating to the DIP Financing) with respect thereto, including all insurance recoveries thereunder and rights to assert claims with respect to any such insurance recoveries;
  16. all rights under or pursuant to all warranties, representations and guarantees made by independent contractors and any other Person to the extent relating to services provided to any Seller or to the extent affecting any Acquired Assets and/or Assumed Liabilities;
  17. the right to receive and retain mail, Accounts Receivable payments and other communications of any Seller and the right to bill and receive payment for services performed but unbilled or unpaid as of the Closing;
  18. all telephone numbers, fax numbers, e-mail addresses, websites, URLs and internet domain names owned or licensed by any Seller, including all List Records;
  19. all other assets that are related to or used in connection with the Acquired Assets, including assets under lease (to the extent such lease is an Assumed Contract); and
  20. all other assets of any Seller that are not Excluded Assets.

Sale Location

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1211 Avenue of the Americas
New York, NY, 10036

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale hearing on August 3, 2016 at 10:00 a.m.
  3. Bid deposit: 10% of the value of the purchase price
  4. Bid increment: $1,000,000.00
  5. Bid deadline: July 27, 2016
  6. Last Date to Respond: July 25, 2016


Other Information

Terms and Conditions:

See Attached.


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