Local Corporation

LOCM

US53954W1045

Internet Services

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2023	How Alibaba's six new business units stack up	RE
2023	SoftBank shares jump on Alibaba split-up plans	RE

Motion for Asset Sale Approved for Local Corporation

November 24, 2015 at 11:00 pm EST

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Local Corporation on November 25, 2015. The debtor has been authorized to sell its O&O Business, nQuery, and Krillion to Media.Net Advertising for a purchase price of $3.12 million in cash. The debtor also sold its miscellaneous office equipment to TradeIn.com, Greentree Recycling and Wet Seal for a purchase price of $0.03 million.

Latest news about Local Corporation

How Alibaba's six new business units stack up	23-06-20	RE
SoftBank shares jump on Alibaba split-up plans	23-03-29	RE
Local Corporation Bankruptcy Case Dismissed	17-05-18	CI
Motion for Case Dismissal Approved for Local Corporation	16-07-28	CI
Motion for Case Dismissal Filed for Local Corporation	16-06-15	CI
Motion for Exclusivity Period Extension Rejected For Local Corporation	16-02-08	CI
Media.Net Advertising FZ-LLC completed the acquisition of substantially all assets of Local Corporation (OTCPK:LOCM.Q).	15-11-30	CI
Motion for Asset Sale Approved for Local Corporation	15-11-24	CI
Notice of Successful Bidder Filed by Local Corporation	15-11-16	CI
Motion for Asset Sale Filed by Local Corporation	15-10-23	CI
Bidding Procedure Approved for Local Corporation	15-10-22	CI
First Motion for Exclusivity Period Extension Filed by Local Corporation	15-10-21	CI
Motion for Asset Sale Filed by Local Corporation	15-10-05	CI
Media.Net Advertising FZ-LLC signed a stalking horse purchase agreement to acquire substantially all assets of Local Corporation (OTCPK:LOCM.Q) for $3.1 million.	15-10-04	CI
Local Corporation Announces Resignation of David Hughes as Director	15-09-10	CI
Local Corporation(OTCPK:LOCM.Q) dropped from NASDAQ Composite Index	15-07-19	CI
Local Corporation(OTCPK:LOCM.Q) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index	15-06-26	CI
Local Corporation(OTCPK:LOCM.Q) dropped from S&P TMI Index	15-06-26	CI
Local Corporation Filed for Bankruptcy	15-06-23	CI
Local Corporation(OTCPK:LOCM.Q) dropped from CRSP US Total Market Index	15-06-22	CI
Transcript : Local Corporation, Q1 2015 Earnings Call, May 15, 2015	15-05-15
Local Corporation Announces Unaudited Consolidated Financial and Operating Results for the First Quarter Ended March 31, 2015	15-05-15	CI
Local Corp. To Explore Strategic Alternatives	15-04-30	CI
Local Corporation Auditor Raises 'Going Concern' Doubt	15-03-26	CI
Local Corporation announced that it has received $4.57 million in funding from Wolverine Asset Management, LLC, CIM Investment Management Limited and other investors.	15-03-18	CI

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Company Profile

Local Corporation is a technology and advertising company that provides its search results to consumers who are searching online for local businesses, products and services. The Company's search results consist primarily of local business listings that the Company aggregates, indexes, normalizes and syndicates using its technology platforms. The Company operates in two segments: Paid Search and Daily Deals. The Paid Search segment consists of its online businesses that collectively reach customers with a range of local online advertising products and Web hosting. The Daily Deals segment consists of its business that reaches its customers with discounted offers for goods and services provided by merchants. Its principal products include its Local.com Website and its search syndication services, which provide either hosted business or product directories, as well as display and ad fee solutions to a network of partner Websites.

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Sector Other Internet Services

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Local Corporation

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LOCM

US53954W1045

Internet Services

Motion for Asset Sale Approved for Local Corporation

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Chart Local Corporation

Company Profile

Sector Other Internet Services