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MediaMath Holdings names winning bidders, backup bidder for assets
By Sarah Lizee
Olympia, Wash., Aug. 22 – MediaMath Holdings, Inc. named MediaMath Acquisition Corp., LLC and Paedae, Inc., doing business as Infillion, as the winning bidders for its assets following an auction held Monday, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.
Genius Sports Media, Inc. was named backup bidder.
A sale hearing was scheduled for Wednesday.
The New York-based company develops digital advertising media and data management technology solutions for advertisers. The company filed bankruptcy on June 30 under Chapter 11 case number 23-10882.
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