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Topic

Bankruptcy Asset Sales

Court-supervised proceedings in which a bankrupt company's assets—including data, IP, and physical property—are sold off to repay creditors.

Current stories

investConfirmed4 publishers

Lawmakers press Google to strip employee records from its $10 million Spirit Airlines data purchase

More than 100 lawmakers led by Sen. Elizabeth Warren asked Google and Spirit Airlines to keep former employees' records out of a $10 million data sale. So far the objection has cost Google one thing: an independent scrub of the data, a step it says it offered from the start. A bankruptcy judge takes up the sale at an Oct. 14 hearing.

Perspective Coverage

4 publishers
Builder
Builder 26%
Operator
Operator 45%
Investor
Investor 29%

Reality

Evidence62
Adoption
Not scored
Hype gap+15
Incentives60
Confidence58
productConfirmed4 publishers

Google paid $10M for a dead airline's paperwork, and the flight attendants object

The Spirit Airlines bankruptcy auction put a price on a defunct company's internal records. The union's objection shows the scrubbing standard was written for customers, not staff.

Perspective Coverage

4 publishers
Builder
Builder 30%
Operator
Operator 39%
Investor
Investor 31%

Reality

Evidence72
Adoption35
Hype gap+15
Incentives70
Confidence65
securityOne report1 publisher

Google won 100 million Spirit emails and 500 million Teams chats for $10 million

The sale turns a defunct airline's internal communications into an asset lot, priced at $10 million for the emails, the Teams chats, the code repository and personnel files going back to 1986.

Reality

Evidence74
Adoption25
Hype gap+12
Incentives58
Confidence62
productConfirmed2 publishers

Google bid $10 million for 600 million messages sent by Spirit Airlines employees

A bankruptcy auction put a dead airline's internal chat in front of Gemini, and the flight attendants' union has stalled it by arguing that deidentification standards cover consumers only. SpaceX is reportedly looking for similar data.

Perspective Coverage

3 publishers
Builder
Builder 32%
Operator
Operator 38%
Investor
Investor 30%

Reality

Evidence54
Adoption38
Hype gap+28
Incentives74
Confidence57
productOne report1 publisher

Springshot asks a court to carve its own records out of Google's $10m Spirit data purchase

Google bid $10 million for Spirit Airlines' archive of emails, Teams messages and operational data. The aviation software company Springshot says part of that operational record was generated by its platform and was never Spirit's to sell.

Publishers:thenextweb.com

Reality

Evidence28
Adoption24
Hype gap+35
Incentives85
Confidence35
productOne report1 publisher

A judge is about to price 34 years of Spirit Airlines paperwork at under two cents a record

Google's $10 million bid for the bankrupt airline's data estate covers 500 million Teams records and 175,000 employee files. The flight attendants' union says the employee half was never anyone's to sell.

Publishers:wired.com

Reality

Evidence64
Adoption28
Hype gap+12
Incentives72
Confidence58
buildConfirmed3 publishers

A bankrupt airline just set the public price for "how we actually worked": $10M, now $12.5M

Micro1's late $12.5 million topping bid for Spirit Airlines' internal records puts a number on operational archives. Every company with decades of email now has a valuation problem and a consent problem.

Perspective Coverage

3 publishers
Builder
Builder 30%
Operator
Operator 35%
Investor
Investor 35%

Reality

Evidence68
Adoption34
Hype gap+26
Incentives64
Confidence62
buildOne report1 publisher

Spirit's estate priced its employee records at 1.6 cents an item. A court wants a closer look.

A bankruptcy judge delayed Google's $10 million purchase of Spirit Airlines' internal data after flight attendants argued de-identification preserves everything that made the records sensitive.

Publishers:runtimewire.com

Reality

Evidence68
Adoption18
Hype gap+12
Incentives74
Confidence62