Aereo Gets OK From Bankruptcy Court To Auction Technology Assets

An anonymous reader writes Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan gave permission to Aereo to sell its remaining assets to the highest bidder. The decision came after Aereo reached an agreement with the major broadcast networks that are suing the service. From the article: "Now a bankruptcy court in New York has granted Aereo permission to sell off its assets, with one big caveat: those angry broadcasters who shut them down in the first place? They get to approve any sales that go down. The auction will take place on February 24, at which point the broadcasters have two weeks to decide if they're okay with the highest bidder."

Comments

wow

[Anonymous Coward]

so this means the broadcasters can approve a lowballed sale from their own subsidiary and then offer the same service as the now defunct aereo. status quo will remain status quo