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The Spaminator
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Jason Siu
Feb 15
AG

China’s Wanxiang Group has emerged as the winning bidder for Fisker’s assets, agreeing to pay $149.2 million for the American electric automaker.

The bidding contest came down to Wanxiang and Hybrid Tech Holdings with U.S. Bankruptcy Judge Kevin Gross scheduled to consider approving the sale on February 18, 2014. Hybrid Tech Holdings is an affiliate of Hong Kong billionaire Richard Li and is a Fisker investor.
 
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