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A Japanese court-appointed administrator is now in control of Mt. Gox following an unsuccessful attempt to save the business. The Bitcoin exchange filed for bankruptcy in February after losing 850,000 Bitcoins, though it later found around a quarter of them. That's still a $340 million loss at cur...

1 year ago 0 Comments
April 16, 2014 at 8:29AM
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Richard Land, the court-appointed lawyer for 38 Studios, said he plans to ask a Rhode Island Superior Court judge to delay the now-defunct studio's intellectual property auction. The auction was originally slated to take place on November 14 and include the Project Copernicus MMO that was in develo...

1 year ago 0 Comments
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Better Place's plan for electric cars with swappable batteries is coming to an end. Despite a change in leadership and a streamlining effort over the past six months, the Israeli EV maker has filed a court motion for liquidation, citing insufficient cash to continue operations and a failure to rai...

2 years ago 0 Comments
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Still waiting for your bargain TouchPad to ship? Good news, as HP's just confirmed that a "limited supply" of the webOS slates are on their way, and they'll land in "a few weeks." In an update to a blog post from yesterday, the company confirmed that it will manufacture an additional "limited quan...

3 years ago 0 Comments
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Tempted by the promise of a $99 TouchPad, in spite of its imminent demise? Well, it looks like American Best Buys won't be enjoying the same liquidation sale as our neighbors to the north. A couple of tipsters have reported that the big box electronics retailer has pulled the webOS tablets from i...

3 years ago 0 Comments
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Well, that didn't take long. It's only been a day since HP announced its intention to discontinue production of webOS devices, and it looks like the outfit's already throwing its flagship tablet in the bargain bin. PreCentral reports that HP sent out a memo to its affiliates asking them to cut th...

3 years ago 0 Comments
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Not so long ago, we were ready to believe that this plastic EV might stand a fighting chance thanks to its local charm and initial $28,000 price tag. But then the price soared, sales failed to pick up, and now it appears the Norwegian maker of the Think City couldn't cling on any longer. Think ...

4 years ago 0 Comments
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It took complete failure to do it, but it looks like Modu founder Dov Moran finally found that new source of capital he went hunting for last November. In an effort to pay back creditors and unpaid wages, the firm's patent portfolio is slated to be snatched up by Google for roughly $4.8 million. ...

4 years ago 0 Comments
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Looks like the bad news just got worse for Modu fans. According to reports from Israel, Modu, maker of impossibly small modular handsets, will be forced to close its doors in February as it attempts to payback debt and the salaries owed to its workers. Ironically, the news will likely spark an incr...

4 years ago 0 Comments
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The last shreds of the former developer known as Midway will soon be dissolved into the ether, as a Delaware court has agreed to the terms of the company's plan to repay a portion of its debts. Businessweek reports that after liquidating all its assets, Midway will distribute about $25.5 million to...

5 years ago 0 Comments
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Moving right according to schedule, GameCrazy today officially began liquidating outlets across the US, with remaining inventory in stores reduced in price by 20 percent. An internal memo we received details the liquidation proceedings, confirmed by multiple calls to remaining GameCrazy outlets acr...

5 years ago 0 Comments
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A Twitterer documents the demise of one big box via the burn of another. Tim: "And thus the 2009 FatWallet suicide craze began." Josh F: "First!" Joe: "Yeah, but what about the Palm store?" Laura: "So, you're telling me I have to pay full price for this copy of Final Destination IV? FINE." R...

6 years ago 0 Comments
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Circuit City's U.S. store liquidation of hit and miss deals is still trucking along and after starting off with a 10% off "clearance", we finally have reached the moderate deal level. Word on savings avenue is that all gaming accessories including Microsoft points cards and Live subscriptions are no...

6 years ago 0 Comments
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If you were waiting to get some fliers in the mail announcing the beginning of clearances at your local Circuit City, we're sorry to report you've probably already missed the best deals. The liquidation was just made official last week, but, when Christen over at Gadget Review happened by the tren...

6 years ago 0 Comments
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Even Circuit City's CEO admitted that liquidation was a very real possibility if a sale of the company didn't occur by January 16th, and needless to say, time's up. According to a breaking report from the AP, the once colossal electronics retailer will indeed be forced to liquidate, which should b...

6 years ago 0 Comments