Browsing Tag

bankruptcy

Dish Network Wins Blockbuster

With a bid of $320 million, Dish Network has won an auction for Blockbuster Inc. which filed for Chapter 11 bankruptcy protection in September and Dish bid beat out billionaire Carl Icahn and other investors.The deal still requires approval from a U.S. bankruptcy judge and allows the former movie-rental giant to reorganize instead of having its…
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Google Bids $900 Million For Nortel

Google and Nortel have agreed on the princely sum of $900 million to start off a stalking horse auction for the acquisition of Nortel's rather vast patent portfolio and the sale comes as part of the latter company's bankruptcy selloff and involves some 6,000 patents and patent applications, which encompass both wired and wireless communications,…
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