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Posts tagged “bankruptcy”

Mad Catz files for bankruptcy

Mad Catz, the controller company known for their plastic guitars and mice which look like cars from a cyberpunk anime, has filed for voluntary bankruptcy. The company has ceased operations, its directors and officers have resigned, and they're starting liquidation. Mad Catz have been in financial trouble for a fair while and tried to turn it around, including selling their Saitek flight sim line to…

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Digital Disturbance: Desura Owner Files For Bankruptcy

Following troubles and discontent with developers being paid late by Desura, the digital distribution store's owner Bad Juju Games have filed for bankruptcy. A member of Bad Juju confirmed the bankruptcy filing with us today, but the company haven't made a statement yet or said anything about what'll happen with people owed money or games folks have bought or whether the store will continue, or...…

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Fin: THQ Sells Off Most Studios, Basically Done

Update: Helpfully, reader and probable Prince of Handsomeness The JG Man dug up the court form outlining details (including amounts, back-up bidders, etc) of each sale. You can peruse that here. Original: Well, I suppose it was inevitable. After THQ's attempt at averting a Humpty Dumpty sales situation failed miserably, the writing was pretty much on the wall. So now the grim reaper's scythe has hacked the once-gargantuan…

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THQ Filing For Bankruptcy, Selling Off Assets

Oh boy. Remember how things haven't been going so hot for THQ lately? If you've somehow forgotten, do you remember your name or any key facts about yourself? Have you hit your head or recently traveled forward to this time period? Are you an amnesiac, infant, or ghost? AT ANY RATE, we've finally reached the expected conclusion of this rather depressing series of events, but…

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Rumours Abound That OnLive May File For Bankruptcy

Gosh, this is a little out of the blue. Kotaku are reporting tonight that cloud gaming pioneers OnLive are about to declare bankruptcy. This comes from someone they say is a source inside the company, despite OnLive's PR denying the rumour. OnLive is of course a service that allows you to stream games directly onto most web-enabled devices, letting you play tech-needy games on the…

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