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APBnews Finds a Buyer

August 22, 2000|Reuters

Struggling APBnews.com Inc., operator of a crime news Web site, said it has received a buyout offer of $950,000 by SafetyTips.com, a site specializing in providing safety consulting and training. The deal is subject to competition from other bidders and approval by the U.S. Bankruptcy Court in New York. A hearing is set for Sept. 1. APBnews filed for Chapter 11 bankruptcy protection in July.

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