Quirky granted court approval to sell Wink business for $15 million

By Mark Reccek

Bethlehem, Pa., Nov. 6 – Quirky, Inc. received court approval to sell its Wink business to Flextronics Sales and Marketing (A-P) Ltd. for $15 million, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The order said Flextronics Sales and Marketing complied with bid procedures order, as well as other applicable orders.

“The debtors’ determination that the consideration provided by the buyer under the Wink agreement constitutes the highest or otherwise best offer for the Wink assets constitutes a valid and sound exercise of the debtors’ business judgment,” the order said.

Quirky, a New York-based invention startup company, filed bankruptcy on Sept. 22. The Chapter 11 case number is 15-12596.

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