Tobii Technology AB Ponies Up $18 Million To Buy DynaVox Affiliates

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Tobii Technology AB Named Successful Bidder in DynaVox Bankruptcy Auction

PITTSBURGH--(BUSINESS WIRE)--DynaVox Systems Holdings LLC, DynaVox Intermediate LLC and DynaVox Inc. (the “Debtors”) announced today that following a competitive auction held on May 21, 2014, Tobii Technology AB was selected as the successful bidder for substantially all of the Debtors’ assets with a prevailing bid of $18 million. Systems Acquisition Corporation was selected as the back-up bidder with a bid of $17.8 million.

As previously announced on April 8, 2014, the Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enable a more orderly sale of the Debtors’ equity interests in DynaVox Systems, LLC and its direct and indirect subsidiaries.

Contacts

DynaVox Inc.
Paul J. Battista, Esq., 305-349-2300

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