JoWooD Declares Bankruptcy

| | Comments (0)
JoWooDLate last week, JoWooD Entertainment AG declared insolvency, noting that "all efforts towards restructuring of capitalization concerning outside capital as well as equity capital had to be considered as failed..." Management is negotiating with investors and creditors to keep the company running.
JoWooD is also suing Koch Media arguing that Koch owes JoWooD €2.36 million because of misvalued accounts receivable.

Leave a comment

About this Entry

This page contains a single entry by Editor published on January 11, 2011 7:45 PM.

Venetica Available for the Xbox 360 and PlayStation 3 was the previous entry.

THQ Adopts New Logo is the next entry.

Find recent content on the main index or look in the archives to find all content.

 

Add to Technorati Favorites