Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

TiVo Gets Court OK to Buy MobiTV After Rare Public Auction

May 21, 2021, 7:09 PM

TiVo Corp. is set to buy MobiTV Inc. out of bankruptcy for about $18.5 million after winning an auction for the television streaming technology company.

  • U.S. Bankruptcy Judge Laurie Silverstein in a hearing Friday approved the sale to TiVo
  • MobiTV entered bankruptcy with no buyer lined up, but received eight qualified bids for its assets prior to a two-day auction held earlier this month, Jason Rosell of Pachulski Stang Ziehl & Jones said in the hearing
    • In an unusual move, the auction -- held by video conference -- was open to the public
  • TiVo initially bid $13m cash for MobiTV, ...