The advertising technology arm of a Singapore-based telecommunications company placed a $101 million winning bid in a bankruptcy auction for Videology’s assets. Amobee, a division of Singapore’s Singtel, bid $117.3 million but that price was lowered through adjustments for accounts receivable through an asset purchase agreement. The transaction is still subject to court and regulatory approvals before closing. Videology, which is headquartered in New York and has offices in Baltimore’s McHenry…
from https://www.bizjournals.com/baltimore/news/2018/07/18/singapore-company-wins-auction-for-videology.html?ana=RSS&s=article_search
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