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Quirky Files For Bankruptcy, Agrees To Sell Smart Home Subsidiary Wink

Popular crowdsourcing platform Quirky is cutting its losses and giving up ownership of Wink.

Quirky, the popular crowdsourced invention platform, is filing for Chapter 11 bankruptcy and selling Wink, its subsidiary specializing in connected home products. According to a Wink blog post, the electronics manufacturing firm Flextronics is likely its new corporate parent. Although Wink did not disclose any numbers, Flextronics is allegedly offering $15 million to acquire the company.

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