Quickflix debtors agree to sale to US-based tech player
Debtors of the struggling streaming provider Quickflix have voted today to sell the company to a US-based technology company, with Quickflix set to continue trading focusing on niche sectors.
The deal will see Karma Media Holdings pay $1.3m for the Perth-based company’s assets, which include its proprietary streaming platform and a vast catalogue of DVDs.
Details on Karma are scarce, although administrator Deloitte’s report on the company lists Los Angeles based entrepreneur Erik Pence as the person behind the company.
Anyone started the clock yet on how long it will take for this deal to fall over?
I’m changing my name to “Quickflix” so that I too will become effectively immortal.
A matter worth a quick fix. It’s the company’s creditors who agree to such proposals.
i bought 300000 shares in QUICKFLIX in May 2015
Please advise what has happened to my money
Regards
Anil Bali