Items tagged with Bankruptcy

After a run that lasted nearly a century, Radio Shack fell on hard times and is on the verge of extinction, at least as you know it. What's left of the 94-year-old chain went up for auction on Monday; with hedge fund Standard General emerging as the... Read more...
One of the rumored features that didn't make it onto the iPhone 6 is the sapphire display. Touted for its durability and scratch-resistance, sapphire glass is used on the camera lens and Touch ID... Read more...
Last week, we reported on the problems dogging Crytek, with UK staff allegedly going unpaid and increasing concerns over the company's ability to continue as a going concern. Those concerns have only amplified in the past week -- it's now reprorted... Read more...
Crytek -- developers of the CryEngine and the hit Crysis series -- is, by all accounts, in significant trouble. Reports of problems are mounting at multiple publications as employees speak out about missed paychecks, layoffs, and multiple staff... Read more...
Right on schedule, OCZ Technology is receiving an injection straight to the heart via Toshiba. After falling into bankruptcy last year and nearly instantly being rescued by Toshiba, the latter has... Read more...
LightSquared has had an interesting (and relatively rough) go as a company. The telecommunications firm launched with a lot of promise, just as North America was starting to embrace mobile broadband and LTE. But it soon realized that building out a... Read more...
Editor's Update - 11/27 - 7:45PM We just had a call with some key team members at OCZ. Our contacts inform us that OCZ plans to continue operations in a "business as usual" mode. In fact representatives from OCZ noted specifically that the company... Read more...
So long, THQ, and thanks for the pie. The North American game developer and publisher responsible for Saints Row, the Red Faction Series, Company of Heroes, and other titles auctioned off its assets to competitors for around $72 million. "We were... Read more...
Hot on the heels (in the worst possible way) of THQ filing for bankruptcy last month comes Atari's US-based headquarters doing the same. It's the company's goal to break free from its France-based overlord Atari, SA and then get bought out to reform... Read more...
Hard times have fallen on video game maker THQ, which reportedly filed for Chapter 1 bankruptcy this week. Affiliates of private equity firm Clearlake Capital Group L.P. will acquire THQ's assets for around $60 million, taking control of the company's four studios and any games currently in development. The sale... Read more...
The number of brick-and-mortar electronics shops available to do-it-yourself (DIY) system builders and consumer electronics (CE) junkies has fallen dramatically in the past several years. First it was Good Guys that fell by the wayside in 2005, then... Read more...
Well, we can't all act surprised at the same time. For years now, Blockbuster has been dwindling in importance. The store was once the face of movie renting, and now it's the face of what used-to-be. Ever since Netflix stormed onto the scene with a... Read more...
Think of it as the computer company that just...won't...die. After being lambasted by Apple from day one, dealing with more threats and lawsuits in a year that most of us will hear of in a lifetime and eventually filing for bankruptcy, the infamous... Read more...
You remember Psystar, don't you? How could you not, right? The company famous (or should we say infamous?) for forging ahead with production on Mac clones even as lawsuits from Apple piled up has finally caved, but not to Apple. No, it has caved to... Read more...
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