Bankruptcy Judge OKs Penthouse Sale to XVideos' Parent Company


Bankruptcy Judge OKs Penthouse Sale to XVideos' Parent Company (June 2018) xbiz.com

xbiz.com

June 14, 2018

Bankruptcy Judge OKs Penthouse Sale to XVideos' Parent Company Rhett Pardon Jun 14, 2018 1:53 PM PDT

WOODLAND HILLS, Calif. — A federal judge today approved the sale of substantially all of Penthouse Global Media’s assets free and clear of all liens and claims to XVideos parent company, WCGZ Ltd., which was the successful bidder for the bankrupt company’s properties.

With the green light from U.S. Bankruptcy Judge Martin Barash this morning, the $11.2 million sale to WCGV was expected to close tomorrow.

WCGV placed...


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