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Following some financial speed bumps, New York-based Avalanche Systems is now being courted by a number of suitors. Sources said that the agency may either allow potential partners to take a majority stake in the company or buy it out altogether.
“We are in negotiations with a number of parties,” confirmed Peter Seidler, president and creative director of Avalanche, who said such discussions were in the early stages of a “formulation of a strategic partnership.” Though Seidler would not reveal any potential partners, sources said Agency.com
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