Videology announces $117.3 million winning bid from Amobee for assets

By Caroline Salls

Pittsburgh, July 13 – Videology, Inc. announced Friday that Amobee, Inc. was the winning bidder for substantially all of its assets, with a $117.3 million final offer, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.

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

The sale hearing is scheduled for July 17.

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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