Nearly five months after the news broke that embattled San Francisco cab company Yellow Cab was for sale, they've found a buyer: Competitor CityWide Taxi, which got the bankrupt business for a relative song.

As reported last November the nearly 40-year-old Yellow Cab Cooperative had stopped paying its members in 2015, after being financially crippled by "millions of dollars in lawsuits stemming from accidents, with one settlement reaching as high as $8 million," the Ex wrote at the time.

Fast forward to March of this year, and the business, which at 500 vehicles is SF's largest cab company, had only one suitor: Citywide Taxi, the Ex reported. As Yellow Cab is now deep in bankruptcy proceedings, the sale had to be approved by United States Bankruptcy Court, Yellow Cab trustee Sam "Well, that's a bad sign" Singer said.

And approve the court did just this past Friday, after an eleventh-hour bidding war with Minneapolis taxi operator Cabtopia, the Ex reports, an operation so obscure the most I could find on it was this photo on Yelp.

But in the end CityWide was the victor, snapping up Yellow for $810,000. “This was a good sale price for the company,” Singer said, and maybe it was for what remains of Yellow — the deal was perhaps less glowing for CityWide, which will get only some of Yellow's $8 million in assets but will assume its $26 million in liabilities.

According to the Ex, CityWide, which says on their website they're the fourth-largest taxi company in SF, will only get "Yellow Cab’s color scheme, its locally famous (415) 333-3333 phone number, 160 of its cabs and the sublease to Yellow Cab’s property."

123 of Yellow's cabs are owned by Ford which will take them back and sell them, Singer told the Ex. 158 other Yellow vehicles will be sold by the company at a later date.

It's assumed that as opposed to rebranding Yellow as CityWide, the reverse might occur. "The famous yellow scheme will continue to traverse San Francisco streets,” Singer told the Ex last month. “The cabs will continue to operate as Yellow cabs...Citywide’s management should at this time be familiarizing itself with Yellow operations in the coming weeks in order to have a smooth transition.”

Luxor Cab Company owner John Lazar weighed in on the sale last month, saying “I think [the buyer] wants to keep the color...He wants people still calling ‘Yellow,’ still to get a ‘Yellow Cab,’ he’d be stupid not to. That phone number is everything.”

The sale is expected to close by April 29.

Previously: Bankrupt Yellow Cab Is Now For Sale