Future of Worldspace assets is abundantly unclear.

Posted: 31 Aug 2010   Print   Send a link
King of All Trades, 30 August 2010, Steve Garcia: "In the weeks since the final bankruptcy sale and approval of Worldspace assets to Noah Samara; this time through Yazmi LLC, one thing is abundantly clear. The plight of all the assets of Worldspace and SATCO is as yet unknown and still awaiting a final outcome. ... It appears that the final dissolution of Worldspace and all its intertwined assets is nearer, but still under a cloud of mystery and disinformation. The bankruptcy process has been streamlined a bit more so as to not convolute the situation, but final disposition of all assets seems to be in a state of flux. Speculatively, there seems to be a back room situation with regard to Liberty and Yazmi. ... As I continue to investigate the situation, and review documentation, it seems quite possible that some assets which Worldspace had are in Liberty’s sights." See previous post about same subject.