WorldSpace, Inc. (”WorldSpace”) announced that the asset purchase agreement providing for the sale of substantially all of its assets to Yenura Pte. Ltd. (”Yenura”) had been terminated by WorldSpace’s debtor in possession lenders (”DIP Lenders”). The DIP Lenders exercised their right to terminate the Yenura purchase agreement after Yenura had defaulted in the payment of [...]

WorldSpace, Inc. (WRSPQ.PK) announced that the United States Bankruptcy Court in Delaware yesterday approved the sale of substantially all of the assets related to the satellite radio business of it and its U.S. subsidiaries, WorldSpace Systems Corporation and AfriSpace, Inc. to Yenura Pte. Ltd. (“Yenura”).
Yenura is purchasing the assets pursuant to an asset purchase [...]

The Bank Street Group LLC Appointed as Advisors in Conduct of Sale Process
WorldSpace®, Inc. (NASDAQ:WRSP) a leading provider of satellite radio services outside the U.S., today announced it has received approval of the United States Bankruptcy Court in Delaware for the first part of an interim Debtor-in-Possession (DIP) financing in an amount up to [...]

1worldspaceTM (NASDAQ: WRSP) announced today that it has reached an agreement in principle with each of the four holders (the “Holders”) of the Company’s amended and restated secured notes (the “Bridge Loan Notes”) and second amended and restated convertible notes (the “Convertible Notes”) to defer until Sept. 25, 2008, the Company’s obligation to pay $19.97 [...]

1worldspace™ (NASDAQ:WRSP) the only global satellite communications company positioned to offer crystal-clear radio to listeners in more than 130 countries, today announced results for the second quarter ended June 30, 2008. The Company ended the quarter with 171,657 subscribers worldwide, a slight increase of 187 from the close of the prior quarter, continuing to reflect [...]