Latest in Gaming

Image credit:

Gizmondo Europe to be liquidated

Ryan Block, @ryan
02.07.06
Share
Tweet
Share
Save

Sponsored Links

So we last left off with Tiger Telematics UK going to bankruptcy court in its home country, the UK, as things for them took a decided turn for the worse -- debts piling up, revenues low as ever, layoffs and cutbacks in line. Since then further hearings have occurred, which have led Tiger to turn over Gizmondo Europe for liquidation, and it looks like they're assuming the worst. As in: all GE employees would be released and operations would completely shut down. Of course, if Tiger Telematics can come up with the cash quickly enough -- and supposedly they're trying -- they can buy back Gizmondo Europe from the liquidators; but after this, the closure of their Helsinborg, Stockholm, and Manchester game studios, and their flagship store, things are looking falling-house-of-cards-grim for the console maker these days. And still Gizmondo trudges on in the US.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Google Maps helps you find EV chargers that work with your car

Google Maps helps you find EV chargers that work with your car

View
RCS messaging is now available to all Android users in the US

RCS messaging is now available to all Android users in the US

View
PewDiePie is 'taking a break' from YouTube in 2020

PewDiePie is 'taking a break' from YouTube in 2020

View
Ads on Facebook are spreading misinformation about anti-HIV drugs

Ads on Facebook are spreading misinformation about anti-HIV drugs

View
VW will roll out self-driving electric shuttles in Qatar's capital

VW will roll out self-driving electric shuttles in Qatar's capital

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr