The administrators confirmed to Fairfax Media they are finalising a buyer for Unlockd’s technology assets as well as securing litigation funding for the case against Google.

Unlockd developed an app that offered consumers discounts on their phone bills by watching advertisements when they unlock their phone screen.

Unlockd’s plans to list on the ASX were derailed in April whenGoogle claimed the app breached company policies and removed it from Google platforms such as AdMob and the Google Play Store.

Unlockd won injunctions in Britain and Australia in May,preventing the removal of its app,but the company could not find fresh funding to replace the cash injection it was due to receive from the initial public offering and the company was put into administration the following month.

Unlockd had burnt through the $50 million raised from investors that was invested in its aggressive expansion plans.