Singtel's Amobee puts in US$101 mil winning bid for insolvent Videology

SINGAPORE (July 18): Singtel subsidiary Amobee has emerged winner in the court-supervised auction to acquire certain assets from Videology for US$101 million ($138 million).

The purchase price is subject to adjustments for accounts receivable at closing, estimated to be US$20.9 million.

Videology is a software provider for advanced TV and video advertising. The acquisition follows Videology’s voluntary Chapter 11 restructuring proceedings and includes Videology’s technology platform, intellectual property and certain other assets of estimated net book value of US$5.3 million.

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