Atos reaches a deal with its creditors, including restructuring €2.9B of loans and bonds into equity, injecting €233M, and letting the creditors take control
The key elements of the restructuring framework (the “Restructuring Framework” … Juliette Jabkhiro / Reuters : Atos reaches deal in principle with creditors on restructuring, says media report X: Domi...
Atos says a consortium led by its largest shareholder, Onepoint, has withdrawn from bailout talks and that EPEI has expressed interest in restarting discussions
- Billionaire Kretinsky's EPEI is interested in restarting talks — Atos still aims for a refinancing deal with creditors in July
TabaPay, which offers instant payment services, agrees to acquire assets of banking-as-a-service startup Synapse, after Synapse filed for Chapter 11 bankruptcy
We are excited to announce that TabaPay is acquiring the assets of Synapse. TabaPay, Inc. : TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc. X: Rohit Mittal / @rohitdotmittal : Fo...
Seattle-based online retailer Zulily, which had a ~$7B market cap in 2014, winds down; in a December 11 lawsuit, Zulily accused Amazon of stifling its business
Once an e-commerce star, online retailer Zulily will liquidate its inventory to pay its creditors as it winds down.
Fahrenheit, bidders led by Arrington Capital, wins an auction for Celsius Network's assets, including loans, investments, and $500M in “liquid cryptocurrency”
0°C×9/5+32 = how much money to thaw frozen crypto accounts? James Cirrone / Blockworks : Fahrenheit Wins Bid for Bankrupt Celsius, Will Acquire up to $500M in Liquid Crypto Tweets: Simon Dixon / @simo...
DCG plans to shut down its institutional crypto trading platform TradeBlock, citing the crypto winter and regulatory uncertainties, effective May 31, 2023
Digital Currency Group, the digital-asset conglomerate that is negotiating with creditors of its bankrupt lending business …
Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds
- Proposed sale would see smaller creditors get around 70% of their money back — Larger creditors would become shareholders …
Sources: Genesis creditors are negotiating a bankruptcy plan with the firm and weighing a one to two-year forbearance period in exchange for cash and DCG equity
The Block :
Theranos says it will formally dissolve, in an email to shareholders, and says it will seek to pay unsecured creditors its remaining cash in coming months
Firm, tarred by scandal, will pay creditors its remaining cash — Theranos Inc., the blood-testing company accused …
Gigaom, unable to pay creditors in full, ceases all operations, does not currently intend to file for bankruptcy
About Gigaom — Gigaom recently became unable to pay its creditors in full at this time. As a result, the company is working with its creditors that have rights to all of the company's assets as the...