When Videology, Inc., a leading advertising technology company, and its affiliates faced a series of crises placing its business in jeopardy, they turned to Cole Schotz P.C. to lead them through a Chapter 11 restructuring process. After obtaining a stalking horse purchase contract with Amobee, Inc., a U.S. subsidiary of Singapore based Singapore Telephone, Cole Schotz, working with the company’s investment banker, led Videology through an extraordinarily successful auction process that drove its sale price up by over $70 million, to $119 million. Videology Inc. is a privately held, venture-backed company that provides a uiniquely effective technology platform to enable advertising agencies and advertisers, as well as broadcasters, to plan and execute more effectively advertising campaigns for television and digital media.
During a hearing in Wilmington, DE, U.S. Bankruptcy Judge Brendan L. Shannon approved the sale to the stalking horse purchaser, Amobee Inc. The Cole Schotz team was led by members Irving E. Walker, Patrick J. Reilley, and G. David Dean.
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