Gizmondo Europe Liquidation Official
But we will always remember Sticky Balls
You may recall recently the news of Tiger Telematics subsidiary, Gizmonodo Europe, filing for bankruptcy in the UK. Well a court hearing today has officially put the company into liquidation, leaving Gizmondo Europe liquidators David Rubin and Associates to terminate all remaining employees and services.
With the rights to the firm's hardware and games tied up in the liquidation, continuation of Gizmondo trading could become very difficult, and availability of the system in North America may no longer be a possibility.
The SEC filing reveals the following: "Strategic options for the Company include the possible sale of the Company or all or a portion of its assets, the sale of Gizmondo intellectual property rights, including patents and game rights which are owned by the Company, and continuing operations in the USA, which would require substantial debt and or equity financing."