Tech
Aereo’s end comes with court-approved asset sale
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Bankrupt Internet TV service Aereo’s curtain call will be a sale of its assets, ending a series of legal setbacks that landed the company in Chapter 11 bankruptcy last year. Aereo filed for bankruptcy Nov. 11 following legal losses that essentially prevented it from operating and thwarted its attempt to reinvent itself as a cable television operator. The bankruptcy court approved a process last month for Aereo to sell its streaming technology, allowing broadcasters who initiated the legal fight to weigh in on the sale. Aereo had operated a subscription service using banks of dime-sized antennas to capture broadcast signals and convert them into streaming video distributed over the Internet.