7
Mar
2017

Answers.com files for Chapter 11 Bankruptcy

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Answer Corp, parent company to Answers.com has filed for Chapter 11 bankruptcy in a maneuver to jettison close to half-a-billion in debt. Top creditors are:
  1. Yahoo, Inc. with an unsecured claim of $545,209.34.
  2. Taboola, Inc. with an unsecured claim of $411,754.97.
  3. Facebook with an unsecured claim of $295,000.
  4. Don Morrison, former vice president of Foresee, with a severance claim of $217,000.
  5. Amazon Web Services, Inc. with an unsecured claim of $200,000.
This on the heels of acquiring marketing consulting firm Foresee in 2013 for $200 million.  

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