Aereo's sad bankruptcy auction brings in less than $2 million

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Streaming television startup Aereo has been sold off for parts in a bankruptcy auction, with TiVo getting control of the company's trademark and customer list

In total, the auction netted less than $2 million, according to Aereo. The company had been funded to the tune of almost $100 million.

“We are very disappointed with the results of the auctionThis has been a very difficult sales process and the results reflect that.” William Baldiga, counsel for Aereo and partner at Brown Rudnick, said in a press release.

RPX Corporation won Aereo's patent portfolio, while Alliance Technologies will get Aereo's equipment. Some of Aereo's technology was not sold, and other options will be explored, the company said Read more...

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