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Out of convenience. They're temporarily out of cash, but it's a cyclical business and they're going to have a very different balance sheet shortly. The bankrup
by roc 14y ago
Out of convenience. They're temporarily out of cash, but it's a cyclical business and they're going to have a very different balance sheet shortly.
The bankruptcy angle is being played up as the decision-makers are trying to ram a sweetheart sale through to ensure their own lucrative exit from an increasingly-difficult business. (Instead of actually considering competitive bids or seriously seeking funding to cover them until the money starts rolling in again.)
A group of shareholders has just filed suit over the issue.
In any event: there's no chance they stop making games and thus having an interest in the current platform upheaval.