14-13200-shl

Doc 229

Filed 02/26/15

Entered 02/26/15 17:05:55

Pg 1 of 3

Main Document

William R. Baldiga, Esquire

R. Benjamin Chapman, Esquire
BROWN RUDNICK LLP
7 Times Square
New York, NY 10036
(212) 209-4800
Counsel for the Debtor
and Debtor-in-Possession
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

In re:
AEREO, INC.,
Debtor.

:
:
:
:
:
:
:

Chapter 11
Case No. 14-13200 (SHL)

NOTICE OF COMPLETION OF AUCTION

AND SUCCESSFUL BIDDERS

PLEASE TAKE NOTICE that, on November 21, 2014, the above-captioned debtor (the
Debtor) filed the Debtors Motion for Entry of an Order (I) Approving Bidding Procedures in
Connection with the Proposed Sale(s) of Certain or Substantially All of the Debtors Assets and
Other Potential Transaction; (II) Establishing Certain Related Deadlines; and (III) Granting
Related Relief [Docket No. 15] (the Bidding Procedures Motion).
PLEASE TAKE FURTHER NOTICE that, on January 28, 2015, the Court entered the
Superseding Order (I) Approving Bidding Procedures; (II) Establishing Certain Related
Deadlines; and (III) Granting Related Relief [Docket No. 176] (the Bidding Procedures
Order).
PLEASE TAKE FURTHER NOTICE that the Debtor files herewith the Motion of the
Debtor for Entry of Orders Approving and Authorizing (A) The Sale of Certain Assets of the

14-13200-shl

Doc 229

Filed 02/26/15

Entered 02/26/15 17:05:55

Pg 2 of 3

Main Document

Debtor Free and Clear of All Claims, Liens, Liabilities, Rights, Interests and Encumbrances; (B)
The Debtor to Enter Into and Perform Its Obligations Under the Purchase Agreements; and (C)
Granting Related Relief (the Sale Motion), seeking Orders (the Proposed Sale Orders)
approving and authorizing:
i) the sale (the Sale) of certain of the assets of the Debtor (the Included
Assets) free and clear of claims, liens, liabilities, rights, interests, and
encumbrances;
ii) the Debtor to enter into and perform its obligations under that certain Patent
Purchase Agreement, by and between the Debtor and RPX Corporation
(RPX), dated February 26, 2015 (the RPX APA);
iii) the Debtor to enter into and perform its obligations under that certain Asset
Purchase Agreement, by and between the Debtor and TiVo Inc. (TiVo),
dated February 26, 2015 (the TiVo APA and, together with the RPX APA,
the Enterprise Assets Purchase Agreements or Enterprise Assets APAs);
iv) the Debtor to enter into and perform its obligations under that certain Purchase
Agreement, by and between the Debtor and Alliance Technology Solutions,
Inc. (Alliance), dated February 26, 2015 (the Alliance APA); and
v) related relief as is just and proper.

PLEASE TAKE FURTHER NOTICE that a hearing with respect to the Sale Motion is
scheduled for March 11, 2015 at 10:00 a.m. (EST) (the Sale Hearing).
PLEASE TAKE FURTHER NOTICE that, on February 24 and 25, 2015, in accordance
with the Bidding Procedures Order, the Debtor held an auction (the Auction) at the offices of
Brown Rudnick, LLP, Seven Times Square, New York, NY 10036. The Auction officially
closed on February 25, 2015.
PLEASE TAKE FURTHER NOTICE that, in accordance with and as defined in the
Bidding Procedures Order, none of the Excluded Assets were sold at the Auction, and that the

14-13200-shl

Doc 229

Filed 02/26/15

Entered 02/26/15 17:05:55

Pg 3 of 3

Main Document

Excluded Assets will be retained as described in the Bidding Procedures Order and Proposed
Sale Orders;
PLEASE TAKE FURTHER NOTICE that the Auction was attended in person by
representatives of four (4) Bidders for the Enterprise Assets, and via teleconference by
representatives of six (6) Bidders for the Equipment, as those terms are defined in the Sale
Motion.

Representatives of the Official Committee of Unsecured Creditors and of the

Broadcasters (together, the Consultation Parties) were also in attendance.

Dated: February 26, 2015

New York, New York

Respectfully submitted,

By: /s/ William R. Baldiga

William R. Baldiga, Esquire
R. Benjamin Chapman, Esquire
BROWN RUDNICK LLP
7 Times Square
New York, NY 10036
(212) 209-4800
Counsel for the
Debtor and Debtor-in-Possession

61866322