Daily News: September 21, 2012

Digital Domain May See Six Bidders, Attorney Says


There are six potential bidders lined up for the auction, in the U.S. Bankruptcy Court in the District of Delaware, of special effects company Digital Domain Media Group to be held Friday, September 21, a Bloomberg/BusinessWeek article said.

So far, Digital Domain has received two deposits as of Thursday, September 20, expects two more and has been contacted by other interested parties. The article said that a unit of Searchlight Capital Partners will place a stalking-horse bid of $15 million.

To read the Bloomberg/BusinessWeek article in its entirety, click here.

Previously on abfjournal.com:

Digital Domain Media Reaches DIP Financing Agreement With Lenders, Friday, September 14, 2012