Struggling Internet venture LibertyOne will decide its fate behind closed doors today after the expiration of its deadline for any outside parties interested in purchasing its assets.
In a statement to the ASX yesterday, LibertyOne requested a trading halt on its shares until such time as a final decision is announced. The company claims it has received a number of offers for the purchase of assets or recapitalisation of the business, and is expected to make an announcement this afternoon.
The company has already announced the sale of most of its smaller assets, including its 25 per cent investment in Tigerex.net. But the fate of its primary assets, Web design business Zivo, a 50 per cent interest in Satellite Music Australia, and a 49 per cent interest in health portal Monet Asia-Pacific, are yet to be determined.