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Jul. 3, 2001

Mintz Levin: BAY AREA DEBTOR SELLS ITS ASSETS TO YELLOWBRIX INC.

Internet-service provider YellowBrix Inc. has acquired the assets of bankrupt rival iSyndicate Inc. Terms of the cash-and-stock deal, which awaits approval by the U.S. Bankruptcy Court in San Francisco, were not disclosed. But Quantum Industrial Partners, a New York-based investment firm with financier George Soros at the helm, financed the cash portion.

        Internet-service provider YellowBrix Inc. has acquired the assets of bankrupt rival iSyndicate Inc.
        Terms of the cash-and-stock deal, which awaits approval by the U.S. Bankruptcy Court in San Francisco, were not disclosed. But Quantum Industrial Partners, a New York-based investment firm with financier George Soros at the helm, financed the cash portion.
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