Scout Media files for bankruptcy
Scout Media files for bankruptcy
Just came across this online, looks like Scout Media filed for Chapter 11 bankruptcy on Friday and is planning on selling what remains of the business. Since September, they've contacted 154 potential buyers, 20 of which were interested, but none of them put forward a bid. According to the article:
In papers filed in bankruptcy court, lawyers for the company have proposed a court-supervised process in which bids for Scout Media’s assets would be due Jan. 17. An auction would be held in Wilmington, Del., Jan. 19, with a hearing to approve the winner scheduled for the following week.
After the auction, the company is planning on winding down.
Scout Media files for bankruptcy
Just came across this online, looks like Scout Media filed for Chapter 11 bankruptcy on Friday and is planning on selling what remains of the business. Since September, they've contacted 154 potential buyers, 20 of which were interested, but none of them put forward a bid. According to the article:
In papers filed in bankruptcy court, lawyers for the company have proposed a court-supervised process in which bids for Scout Media’s assets would be due Jan. 17. An auction would be held in Wilmington, Del., Jan. 19, with a hearing to approve the winner scheduled for the following week.
After the auction, the company is planning on winding down.
