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Simplexity Plans $10M Stalking Horse Sale To Wal-Mart

By Matt Chiappardi (March 26, 2014, 1:43 PM EDT) -- Private equity-owned mobile phone activator Simplexity LLC asked the Delaware bankruptcy court late Tuesday to approve a plan to auction many of its assets, including intellectual property related to its e-commerce platform, with Wal-Mart Stores Inc. acting as stalking horse with a $10 million bid....

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