In early March, it was revealed that SFX could no longer afford to invest in its previously purchased online music store, forcing Beatport to be put up for auction.
Originally, the auction was slated to occur on May 3 with bids being due by April 28. However, due to requests from parties interested in purchasing the platform, Beatport's date to announce its auction winner has been delayed and will instead be determined on May 26.
A Beatport statement explained: "At the request of interested parties who require more time to finalize their bids, we have agreed to reschedule the Beatport sale hearing to the next available court date on May 26."
Valerie Lee is Mixmag's US Digital Editor. Follow her on Twitter here