Simplexity Gets Thumbs-Up For $10M Sale To Wal-Mart

Law360, Wilmington (April 30, 2014, 6:49 PM EDT) -- A Delaware bankruptcy judge gave private equity-owned cellphone activator Simplexity LLC the nod on Wednesday for its $10 million asset sale to retail giant Wal-Mart Stores Inc., after the debtor resolved objections from Microsoft Corp. over the fate of its software licenses in some of the property for sale.

Simplexity had planned to hold an auction for its assets — which include numerous software applications, along with the storefront website used for merchandising wireless devices and carrier plans, the Simplexity corporate site and a bevy of...
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