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Mobile Ad Co. Hipcricket Hits Ch. 11, Plans $4.5M Sale

By Matt Chiappardi (January 21, 2015, 1:50 PM EST) -- Washington state-based mobile advertising company Hipcricket Inc., which holds more than 20 tech patents, filed for Chapter 11 protection late Tuesday in Delaware, looking to turn around a quick auction with SITO Mobile Ltd. putting in a $4.5 million cash stalking horse offer....

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