Syncapse Bankruptcy Reveals Finances, Offers Intellectual Property

The court-appointed receiver of Syncapse will hold a sealed-bid auction for the company's intellectual property assets. The letter detailing in the process, which was acquired by Business Insider, also reveals a breakout of the company's revenue sources since 2009. An earlier BI post provides access to Syncapse's bankruptcy documents.

Update: LookSmart has announced an agreement to acquire the Syncapse assets.

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