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Advertising Software Company and Related Assets
Listing Information
Attachments
Advertising Software Company and Related Assets
Price: Not Specified
Other Item Info
Item #: debke_173130
Created: 05/21/2018
Category: Business Property > All Assets or Going Concerns > Software & Computer Services
Sale Location: Wilmington, Delaware
Sale Date: Mon. Jul 9, 2018
Created: 05/21/2018
Category: Business Property > All Assets or Going Concerns > Software & Computer Services
Sale Location: Wilmington, Delaware
Sale Date: Mon. Jul 9, 2018
Seller Info
Patrick J. Reilley
Debtor's Attorney
500 Delaware Avenue, Suite 1410
Wilmington, DE 19801
302-652-3131
Debtor's Attorney
500 Delaware Avenue, Suite 1410
Wilmington, DE 19801
302-652-3131
Bankruptcy Info
Case #: 1:18-bk-11120
Case Title: Videology, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Videology, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Substantially All of the Assets of Videology, Inc., described as below:
- all Accounts Receivable of the Company and the UK Company;
- the Furniture and Equipment
- the Purchased Intellectual Property which, for the avoidance of doubt, shall be transferred pursuant to the IP Assignment Agreement and not this Agreement;
- the Purchased Contracts;
- all Necessary Permits and all pending applications for any other Permits used in the Business;
- all goodwill and other intangible assets associated with the Business;
- all Avoidance Actions
The Sale Assets are more described from "Page 121-122" on the attached PDF.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Sale Location
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Wilmington, DE,
Additional Details
The Purchase Price for the Purchased Assets consists of:
(i) an amount equal to (A) the Cash Consideration ($45,000,000.00) minus (B) the amount by which the Accounts Receivable that is fully and effectively assigned to the Stalking Horse Bidder and as set forth in the Closing Statement is less than Thirty-Seven Million Dollars ($37,000,000.00) minus (C) the amount of the Deposit ($2,250,000.00), and
(ii) the assumption of the Assumed Liabilities.
Sale Hearing held on July 17, 2018
Bid Deadline: July 2, 2018 at 5:00 p.m.
Minimum Overbid: Cash purchase price of at least the Purchase Price plus a cash overbid of $1,950,000.00
Bid Deposit: 10% of the Bid Amount
Bids in increment of $100,000.00
Sale Objection Deadline: July 2, 2018