Local Corporation filed a motion in the US Bankruptcy Court in connection to sale of its substantially all assets on November 18, 2015. The debtor informed the Court that Media.Net Advertising FZ-LLC, stalking horse bidder, emerged as the successful bidder for the sale of its substantially all assets for a purchase price of $3.12 million in an auction held on November 17, 2015. Wet Seal was selected as successful bidder for Equipment and furniture located at 7555 Irvine Center Drive.

TradeIn.com was selected as successful bidder for furniture located at 7525 Irvine Center Drive for $6,120. Green Tree Recycling was selected as successful bidder for equipment, including, but not limited to all of the debtor's electronic items. David P. Quint Jr. was selected as back-up bidder for Krillion assets with a purchase price of $0.13 million. Where 2 Get It Inc was selected as back-up bidder for nQuery assets with a purchase price of $0.01 million and Scott D. Reinke was selected as back-up bidder for network assets of $500.