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UPDATE 1-Velti to sell businesses to Blackstone, US ops file for bankruptcy
Nov 4 Ireland's Velti Plc said it would sell its mobile marketing business in the United States, Britain and India to a unit of Blackstone Group LP, and that it had filed for bankruptcy under Chapter 11 for its remaining U.S.
Velti Investors' Baker Tilly Securities Suit In Trouble
Law360, San Francisco (August 5, 2015, 9:23 PM EDT) -- A California federal judge cast doubt Wednesday on Velti PLC investors' claims that accountants Baker Tilly Virchow Krause LLP and Velti's underwriters misled shareholders before Velti wrote off ...
Velti Announces Agreement to Sell Mobile Marketing Businesses in US, UK, and ...
SAN FRANCISCO, Nov. 4, 2013 /PRNewswire/ -- Velti plc (NASDAQ: VELT), a leading global provider of mobile marketing and advertising technology, announced today that it has agreed to sell its U.S.
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Velti completes sale of mobile marketing businesses in India, UK & US to GSO ...
Mobile marketing and advertising technology company Velti Plc has closed the sale of its mobile marketing businesses in India, the US and the UK besides a part of its advertising business in the US to affiliates of GSO Capital Partners LP, which is the ...
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Velti Investors' Accountant, Underwriter Claims Thrown Out
Law360, New York (October 2, 2015, 1:27 PM EDT) -- A California federal judge has dismissed Velti PLC investors' claims that accountants and underwriters working with the mobile-advertising company concealed its poor financial prospects, saying the ...
The Weiser Law Firm, PC Announces A Proposed Second Partial Class Action ...
ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE SECURITIES OF VELTI PLC (“SHARES”) BETWEEN JANUARY 27, 2011 AND AUGUST 20, 2013, INCLUSIVE.
Mobile marketing group sold out of administration
DLA Piper assisted Deloitte in the sale process. Rick Chesley, who advised from the US side, said: “We are delighted to have advised Velti plc and its subsidiaries, and subsequently the UK administrators, on the successful sale of the Group'ss MMBU ...
Velti Says Blackstone Affiliate to Buy Business Lines
Velti, a U.S. unit of Velti Plc, listed assets of as much $50 million and debt of as much as $100 million in Chapter 11 papers filed Nov. 4. Operations in the U.K.
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Velti Applies for Up to $200M Nasdaq IPO
Velti Plc filed with U.S. regulators last week to raise up to $200 million in an initial public offering of common stock. The company intends to list its common stock on Nasdaq under the symbol “VELT”.