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Relativity Media – Auction Cancelled, Stalking Horse UltraV Holdings Designated Successful Bidder

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July 28, 2018 – Relativity Media notified the Court that it had (i) cancelled its scheduled asset sale auction and (ii) designated stalking horse bidder UltraV Holdings LLC (the “Purchaser”) as the successful bidder [Docket No.402]. The notice states, “The Debtors did not receive any qualified bids (other than the qualified bid submitted by the Purchaser pursuant to the APA prior to the Bid Deadline. Accordingly, the Debtors will not conduct an auction. Please take further notice that the Sale Hearing is scheduled to be held on August 3, 2018 at 4:00 PM (ET), subject to the Court having rendered a decision with respect to the litigation fashioned Netflix, Inc. v. Relativity Media, LLC [Docket No.213].”

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The post Relativity Media – Auction Cancelled, Stalking Horse UltraV Holdings Designated Successful Bidder appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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