Report: Samara to Try to Buy Back Assets

Is Noah Samara set to buy back the assets of WorldSpace?
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A report in RapidTVNews.com says a Delaware bankruptcy court is expected shortly to approve the sale of Worldspace’s assorted assets to Yazmi USA LLC, for $5.5 million.

Yazmi is owned and controlled by Noah Samara, founder, former chairman, president and CEO of Worldspace.

We reported in March that WorldSpace said its talks with Liberty Media ended and the bankrupt satcaster was planning to potentially de-commission its satellites and reviewing strategic alternatives.

WorldSpace, headquartered in Maryland, has been under bankruptcy protection since October 2008.

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