Clint Barton
06.09.2004, 19:57
It has been suggested that computer game makers Acclaim, who produce titles such as "Showdowns: Legends of Wrestling" and the Worms series of games, have filed for Chapter 7 bankruptcy in New York.
Acclaim have been in trouble for some time, having been threatened with de-listing from the NASDAQ a few weeks ago. They have also been struggling to renegotiate a major loan facility with some of their creditors for over a month.
There's no official statement available on their web site today and no-one from the company was available for comment, but it is rumoured that all staff were told the news on Friday.
Filing for voluntary Chapter 7 bankruptcy will mean that all their assets will be liquidated to repay their creditors, so most of the games which were scheduled for a Fall release may be sold and could make it into the marketplace via a different publisher.
http://itvibe.com/?NewsID=2871
Wow, das ist hart, daß die Firma komplett liquidiert wird. Bin mal gespannt, wer die Namensrechte dann erwirbt.
Acclaim have been in trouble for some time, having been threatened with de-listing from the NASDAQ a few weeks ago. They have also been struggling to renegotiate a major loan facility with some of their creditors for over a month.
There's no official statement available on their web site today and no-one from the company was available for comment, but it is rumoured that all staff were told the news on Friday.
Filing for voluntary Chapter 7 bankruptcy will mean that all their assets will be liquidated to repay their creditors, so most of the games which were scheduled for a Fall release may be sold and could make it into the marketplace via a different publisher.
http://itvibe.com/?NewsID=2871
Wow, das ist hart, daß die Firma komplett liquidiert wird. Bin mal gespannt, wer die Namensrechte dann erwirbt.