Today's Hard|Forum Post
Today's Hard|Forum Post

Friday February 27, 2015

Aereo’s Bankruptcy Sale Raises Less Than $2M

The final kick in the cajones for Aereo? Raising less than $2 million at auction after estimating as much as $31.2 million.

The money raised in the auction was less than half of the $4 million minimum the company had expected to use to pay creditors. Aereo, which had raised about $100 million from investors, had estimated the auction could bring in as much as $31.2 million.