Neowin News Feed for: Bankruptcy

Atari files for chapter 11 bankruptcy, wants away from its French connection

Brad Sams — Mon, 21 Jan 2013 14:23:34 +0000

Atari's US operations have filed for chapter 11 bankruptcy with the hope that the company will be able to seperate itself from its French parent and will look to raise money using outside investors. Read more...

THQ's assets are going up for bid; is this the end?

John Callaham — Mon, 07 Jan 2013 22:49:00 +0000

THQ will hold an auction later this month, where companies will be able to bid on individual assets of the game publisher such as games, development studios and more. Read more...

THQ files for Chapter 11 bankruptcy

John Callaham — Wed, 19 Dec 2012 19:19:28 +0000

THQ has announced it has filed for Chapter 11 bankruptcy protection as it enters an agreement with Clearlake Capital Group to acquire its assets, although other competing bids can be filed. Read more...

38 Studios files for Chapter 7 bankruptcy

John Callaham — Sat, 09 Jun 2012 15:17:33 +0100

38 Studios had filed for Chapter 7 bankruptcy, meaning that the company will be liquidated. Meanwhile, a criminal probe into what happened at the game development studio has been launched. Read more...

Midway Games files for bankruptcy

Andrew Lyle — Fri, 13 Feb 2009 01:05:57 +0000

On Thursday, Midway Games filed for a chapter 11 bankruptcy, which means it will still plans to stay in operations and not liquidate its stock, to ward off creditors. The company is unlikely to... Read more...

Sirius XM prepares for bankruptcy

Andrew Lyle — Wed, 11 Feb 2009 06:27:50 +0000

The recently merged company between Sirius Satellite Radio, and XM Satellite Radio, have merged into Sirius XM, but along with the merge, came a massive debt that neither company was able to cover. The... Read more...

Danish software firm goes bankrupt, CEO wanted by Interpol

Michael Stanclift — Tue, 02 Dec 2008 01:39:01 +0000

One of Denmark's largest software firms, IT Factory, has declared bankruptcy after papers were discovered that indicated its CEO, Stein Bagger, had secretly defrauded the company and embezzled an amount equal to nearly $85 million... Read more...

Novell wants SCO's bankruptcy protection lifted

Slimy — Mon, 08 Oct 2007 04:00:40 +0100

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Last week Novell filed a motion requesting that the court lift SCO's bankruptcy stay so that Novell can obtain UNIX licensing royalties wrongfully retained by SCO. Novell has also filed a motion requesting that SCO... Read more...

SCO Group files for bankruptcy

Slimy — Sat, 15 Sep 2007 03:31:36 +0100

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The SCO Group Inc., licenser of the Unix operating system, filed for bankruptcy protection Friday, drained by unsuccessfully filing lawsuits claiming its software code was misappropriated by developers of the open-source Linux operating system. The... Read more...

Acclaim files for bankruptcy

Dice — Thu, 02 Sep 2004 20:02:17 +0100

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Following weeks of intense speculation, it seems that the end is finally nigh for Acclaim, after the publisher/developer filed for Chapter 7 bankruptcy at the US Bankruptcy Court in Central Islip, New York. US news... Read more...

Acclaim officers prep to file bankruptcy docs today

malebolgia — Wed, 01 Sep 2004 05:01:59 +0100

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Company will seek to liquidate assets and pay off as many debts as possible; public announcement to follow as early as tomorrow. Reliable sources close to the executive management team of Acclaim... Read more...

Acclaim warns of possible bankruptcy

Marcel Klum — Sat, 03 Jul 2004 10:08:42 +0100

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After reporting a $25.4 million loss in its last quarter, the troubled publisher reveals it must find new financing by August. Today, Acclaim released its earnings for the financial year ending March 31,... Read more...

WorldCom files for bankruptcy protection

NTUsEr — Mon, 22 Jul 2002 11:45:27 +0100

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WorldCom on Sunday filed Chapter 11 bankruptcy protection in the largest U.S. insolvency after the long-distance telephone and data services company buckled under a $3.85 billion accounting scandal and a mountain of "junk-rated" debt. ... Read more...

Napster files bankruptcy

me101 — Mon, 03 Jun 2002 15:25:07 +0100

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Saw this over on Slashdot, everyone say aaah... Napster, the embattled Internet music upstart which has been offline since July 2001, said Monday it has filed for bankruptcy protection. The... Read more...

Napster founder, key execs quit; bankruptcy looms

Darren Bolton — Wed, 15 May 2002 08:20:32 +0100

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Napster founder Shawn Fanning quit the revolutionary online file-swapping service he created in his Boston dorm room in a mass exodus Tuesday that almost certainly signals the end for the once-feisty music service. ... Read more...

Dialpad files for bankruptcy, gets new funding

configure — Tue, 25 Dec 2001 12:23:00 +0000

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Dialpad Communications Inc., a provider of voice over IP (VoIP) services, filed for Chapter 11 bankruptcy protection Friday but said it has received new funding from one of its original investors to finance its reorganization.... Read more...