Seeking Alpha

Velti gets court approval for sale of marketing units

A U.S. bankruptcy court has signed off on the sale of Velti's (VELT -1.4%) U.S., U.K., and Indian mobile marketing businesses to Blackstone's credit division (GSO Capital).

The deadline for new bids to be made for the unit is Dec. 16, and a hearing to approve the business' sale to the top bidder is set for Dec. 20.

The sale was announced on Nov. 4, in tandem with Velti's Chap. 7 and Chap. 11 filings for various U.S. units.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs