Tag Archives: Bankrupt

After a year or so of struggling financially, laying off staff and even getting delisted from the New York Stock Exchange, Mad Catz has officially filed for bankruptcy and will cease operations immediately. Mad Catz is perhaps best known for ifs RAT series of mice, the company also went on …

Easily competing for this year's most hated person, Martin Shkreli drew a lot of disgust when his company purchased rights for an aids treatment drug, only to hike its price by 5,556 per cent to more than £500 a pill in the U.S. However he also drew attention from federal …

Most of you have probably heard by now that Phones 4U has gone in to administration and is selling off its retail stores and assets to the likes of EE and Vodafone, the same networks that allegedly drove it out of business. However, despite offloading its retail stores, the company's financial …

EE and Vodafone have gone ahead and bought almost 200 former Phones 4U stores, despite serious allegations that UK networks colluded to drive the company out of business. The former phone retailer entered administration last week, after EE and Vodafone unexpectedly decided to not renew their contracts, a move that Phones 4U …

It's always a wonder what happens to those sites that fall from grace. The once great meeting points of the internet become ghost towns and we all just forget about them usually. Sometimes with the likes of Digg or Myspace, a Justin Timberlake or investment firm will come along and …

As if anyone didn't see this coming. If GAME, HMV, Comet, Jessops and more could go under – the former admittedly only temporarily – then Blockbuster was surely not far behind. As parodied in the South Park episode A Nightmare on Facetime, nobody rents DVDs any more – at very …