Edgeio Bids Start At $250,000

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The assets of classified listing service Edgeio, a company co-founded by TechCrunch Editor Michael Arrington that joined the Deadpool last week, are on the market.

Interested parties can register to bid at Domain-Tools here. Bidding starts at $250,000 and bidders must pre-register to bid. The auction finishes Friday 21 December with payment to be paid via Escrow no later than the end of the year.

Also on the auction block is the assets Adaptive Real Estate Services, a company purchased by Edgeio last year for $200,000. The reserve price for that sale is $150,000 and the same rules apply as for the Edgeio auction.

Also at auction this week is the independent film focused video hosting site YouAre.TV. The founders of the 2 year old site are moving on to a new startup and a keen to sell. The traffic for the site isn’t spectacular but the value would appear to be with the IP which could easily be used on similar sites. The coding utilizes Amazon EC2 so running costs are low, and the site has a number of content deals in place with corporate clients including Verizon. The eBay auction for YouAre.TV can be found here. Bidding starts at $25,000.

Update: all the relevant details on Edgeio for the sale can be found on a wiki here. As several commenter’s note, the wiki makes for interesting reading.

Update 2 (Michael Arrington): One thing I want to make clear is that all of the proceeds, if any, from the sale of edgeio will go to the creditors and preferred stock holders. Common holders, like myself, will not be getting paid and my financial conflict of interest with this company is essentially over.

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