(Reuters) A bankruptcy judge on Wednesday approved the sale of Aerosoles’ intellectual property, including its e-commerce business, to hedge fund Alden Global Capital LLC in a deal worth nearly $26.2 million to the bankrupt footwear retail chain. Alden had served as a so-called stalking horse for the sale, meaning its initial bid of $23 million put a floor on offers for the assets, which also include copyrights, patents, trademarks, trade secretes and software.
Bankrupt Aerosoles Notches $26 Million Sale of Intellectual Property
This entry was posted in Syndicated. Bookmark the permalink.
