Yenura is purchasing the assets pursuant to an asset purchase agreement for a total purchase price of $28 million cash, the assumption of certain liabilities, and the subordination and release of certain claims. The parties expect the sale to close following the issuance of necessary regulatory approvals. Yenura is a company controlled by WorldSpace founder, Chairman and Chief Executive Officer Noah A. Samara.
Satnews Daily
March 23rd, 2009
Bankruptcy Court Approves WorldSpace Purchase By... WorldSpace Founder...
Yenura is purchasing the assets pursuant to an asset purchase agreement for a total purchase price of $28 million cash, the assumption of certain liabilities, and the subordination and release of certain claims. The parties expect the sale to close following the issuance of necessary regulatory approvals. Yenura is a company controlled by WorldSpace founder, Chairman and Chief Executive Officer Noah A. Samara.