Big Village gets court approval of three asset purchase agreements

By Sarah Lizee

Olympia, Wash., April 10 – Big Village Holding LLC received court approval of three asset purchase agreements, according to orders filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The company has lined up a sale of its Insights and Agency businesses to Bright Mountain Media, Inc. for $19.87 million, a sale of its managed services business of EMX Digital to ZStream Acquisition LLC for $2.1 million, and a sale of its location-based marketing business operating on the Balihoo platform to Insticator, Inc. for $900,000.

The Chicago-based advertising, technology and data company filed Chapter 11 bankruptcy on Feb. 8 under case number 23-10174.

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