MobiTV Files Chapter 11 in Delaware Court; Seeks Restructuring

MobiTV has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware, it says in a statement.

• MobiTV intends to implement a restructuring process
• Company has received a commitment for a $15.5m debtor-in-possession financing facility that will support it for the duration of the restructuring
• Co. is committed to working with its lenders and stakeholders to resolve the case
• FTI Consulting and FTI Capital Advisors have been retained as financial advisers
• Pachulski Stang Ziehl & Jones and Fenwick & West are legal advisers

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