Zilingo’s Board to Weigh Options Including Liquidation or Buyout

The board members met on Monday to hear the alternatives, including a presentation from adviser Deloitte LLP to sell off the company’s assets, according to people familiar with the matter. Co-founder Dhruv Kapoor briefly made the pitch for a buyout, a surprise, last-minute development, said the people, asking not to be identified because the discussions are private.

Source link