WorldSpace finds a buyer


And it didn’t have to look far. Yenura Pte. Ltd., a company controlled by WorldSpace founder and CEO Noah Samara, will buy the satellite radio company out of bankruptcy for $28 million cash, assumption of certain liabilities and the subordination and release of certain claims. Stockholders are left with nothing, but it remains to be seen whether the cash-bleeding operation can operate profitably as a private entity. WorldSpace, though based in the US, operates only overseas.