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 [...]

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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 [...]

Leading Internet Animation Site completes Round of Investment Led by Syncom Venture Partners & Barshop Ventures.
July 22, 2008 – LOS ANGELES – MyToons.com, the world’s premier online animation community, today announced the completion of its second round of funding led by Syncom Venture Partners and Barshop Ventures. The capital will be used to support MyToons’ [...]

WORLDSPACE® Satellite Radio (NASDAQ:WRSP), one of the world leaders in satellite-based digital radio services, announced today that it has agreed with each of the four 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 July 9, 2008 the [...]

Company Adds German License to Existing Italian and Swiss Licenses; Additional Countries Expected Before Year-End
WORLDSPACE® Satellite Radio (NASDAQ:WRSP) one of the world leaders in satellite based digital radio service, today announced its wholly owned subsidiary, WORLDSPACE Europe, received approval from Germany’s Federal Network Agency, the Bundesnetzagentur, to use 12.5 MHz of spectrum in the [...]

WORLDSPACE® Satellite Radio (NASDAQ:WRSP), one of the world leaders in satellite-based digital radio services, today announced that its independent registered public accounting firm, Grant Thornton LLP, has included an explanatory paragraph in their audit opinion for the fiscal year ended December 31, 2007, and included in the Company’s Annual Report on Form 10-K filed on [...]