Silicon Beach Report Jan. 9: Court Approves British Company’s Bid for Bankrupt Nasty GalMonday, January 9, 2017
The U.S. Bankruptcy Court of the Central District of California approved a $20 million stalking horse bid by British e-commerce clothing company Boohoo.com to buy the intellectual property and customer databases of clothing company Nasty Gal on Jan. 6, reports the Business Journal. Other companies may still submit bids through Feb. 2, but their bids would have to be at least $21.15 million, court documents indicate.
Space Exploration Technologies Corp. delayed its Monday launch to Jan. 14 due to weather concerns, according to its official Twitter account. High winds and rain were forecasted at Vandenberg Air Force Base, the launch site of the Falcon 9 rocket.
Telemedicine platform SnapMD raised a $3.25 million Series extension round, bringing its total capital raised to $9.15 million, according to a press release. The company plans to use the latest financing to develop its core product, a video-chat platform for doctors and patients, to expand the company's sales and marketing efforts.
Conan O'Brien’s late-night show “Conan” may move from its television broadcast to a mostly online streaming platform, reports Variety. The TV landscape is changing, and the show could remain on television weeknights, or air on TV once a week with episodes going on digital platforms the rest of the week, said Turner president David Levy.