Videology wins bankruptcy court approval of $117.3 million asset sale

By Caroline Salls

Pittsburgh, July 17 – Videology, Inc. obtained court approval of the $117.3 million sale of substantially all of its assets, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company announced last week that Amobee, Inc. was the winning bidder for the assets.

A $16.1 million purchase price adjustment is expected, which will make the cash consideration paid for the assets at closing $101.2 million.

New York-based Videology is a software provider for converged TV and video advertising. The company filed bankruptcy on May 10 under Chapter 11 case number 18-11120.

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