Aereo Allowed to Auction Web TV Technology

Judge Sean Lane of the US Bankruptcy Court in Manhattan said Aereo can auction its TV streaming technology after the company struck a deal with broadcasters over the sale process.

Judge Lane signed off on the rules governing Aereo’s auction after company and broadcasters agreed to how and when the company can scrub its servers and how much time broadcasters will have to oppose any sale that could infringe their copyrights. Under the revamped auction rules, Aereo will also provide weekly updates on the status of the sale process and will allow the broadcasters to attend the auction.