Today, Quirky, the parent company of Wink, and Wink filed a voluntary petition for Chapter 11 reorganization under the Bankruptcy Code. This decision was mutually agreed upon by the board and Quirky’s leadership. The filing provides a court-supervised process through which Quirky will restructure and reduce its debts. Information on the filing can be found here.
As part of this filing, Quirky has entered into a purchase agreement to sell Wink. The sale of Wink will ensure a strong backing for the business to continue our mission.
Flextronics International USA Inc. has submitted a stalking horse bid, which sets the minimum amount at which Wink will be acquired. Additional parties have the opportunity to submit bids of their own, in which case the final acquisition amount will increase. If other bids are not accepted, Wink will likely be acquired by Flextronics. We are hopeful that the process will be complete in 60 days.
This does not impact the Wink experience for our users nor how Wink operates day-to-day. Our engineers and designers will continue to enhance our platform to provide new, meaningful ways for you to interact with your smart home. The Wink HUB and Wink Relay will continue to be available at The Home Depot and Amazon. Our customer support team will continue to provide the same quality assistance we pride ourselves on.
Wink will continue to be Wink.