Videology files for bankruptcy and accepts multimillion offer from Amobee
Ad tech outfit Videology has filed for chapter 11 bankruptcy protection, announcing that Amobee will snap up its assets in a deal reported to be worth around $45m.
The move follows on from a restructure earlier in the year in which the firm shed 6% of its global workforce.
Commenting on today's decision, founder and chief executive Scott Ferber said he believed it to be "the best path forward" for the company and its stakeholders.
"Most importantly, we anticipate it being seamless fo
Read more »