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HDNet makes $650,000 USD offer for IFL assets

By Zach Arnold | September 25, 2008

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Form 8-K filing. In addition to $650,000 for the assets, the filing claims HDNet’s offer includes accepting some of the IFL’s liabilities.

Topics: HDNet, IFL, Media, MMA, Zach Arnold | 6 Comments » | Permalink | Trackback |

6 Responses to “HDNet makes $650,000 USD offer for IFL assets”

  1. The Gaijin says:

    Sure, steal my link. 🙂 j/k (I’m sure it was posted on several dozen other places before I posted this morning)

  2. 45 Huddle says:

    I wonder how much liabilities they would assume. It’s got to make the deal worth over $1 Million.

  3. Rollo the Cat says:

    Help me out. What are they paying 650,000 for exactly?

  4. Jeremy (not that Jeremy) says:

    It’s impossible to know how much the liabilities are for until their values are renegotiated with the creditors via the bankruptcy court.

    It’s very strange to attempt to buy a company for a set amount of money when you don’t know how much it’s worth (and you can’t know the worth unless you know the value of the liabilities).

    Either they are very close to wrapping up the bankruptcy reorganization, or Cuban’s lost another cog.

  5. 45 Huddle says:

    The only thing worth any value is the tape library. The IFL name or the team names have no value. And I don’t think there are any contracts attached to the company.

  6. The Gaijin says:

    All of their “big names” have since contracted elsewhere. I really don’t see what they get out of this, certainly not “cheap” programming.

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