The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all of the assets of FTD Companies, Inc. on June 25, 2019. The Court approved the asset purchase agreement between the debtor and Gateway Mercury Holdings, LLC the stalking horse bidder, for the sale of substantially all its assets for a purchase price of $95 million. The debtor’s assets includes the business unit FTD.com, the florist business segment held by Florists' Transworld Delivery, Inc., the Restructured ProFlowers Business, the Gourmet Foods business operated by Provide Commerce, Inc., the Personal Creations business operated by Debtor Provide Creations, Inc. To qualify as a qualified bidder, interested parties should submit their bids by July 15, 2019, along with good-faith deposit in the amount of $0.10 million or 10% of the bid price. The debtor has scheduled an auction on July 22, 2019. Each bid for Assets that are the subject of a particular Stalking Horse Bid must be a bid for all of the Stalking Horse Assets in the Stalking Horse Bid and exceed the cash purchase price in the Stalking Horse Bid, plus any applicable Termination Payment. At each round of bidding for an Auction Package, Qualified Bidders may submit successive bids higher than the Leading Bid from the prior round. After consulting with the Consultation Parties, the Debtors will announce at the outset of the Auction the minimum required increments for successive Qualified Bids. The sale hearing is scheduled for July 31, 2019.