So I’m hearing at a very late time that the much-vaulted auction of Sex.com is off following a Chapter 11 bankruptcy. (Chapter 11 meaning that the company is folded but that its assets are still available for sale etc.)
The auction was due to happen tomorrow afternoon, New York-time. As I write this it is late LA-time. Now, I’m not up-to-speed on the recent changes in US bankruptcy law, nor on what has happened precisely with Escom. So I’m not sure that the Chapter 11 bankruptcy has sufficient impact to prevent the auction but my gut feeling is that it does. Unfortunately everyone is asleep in New York and Los Angeles at the moment, so we’ll just have to see what happens.
It won’t be the first or last time that sex.com has seen last-minute turnarounds.
Update: Yes it is “postponed”. Interesting to see what happens after this.