JoWooD to Shut Down

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JoWooDIn January, publisher JoWooD declared that it was bankrupt and was in negotiations with creditors. JoWooD hoped that it would be able to resolve the situation, restructure and continue operations within 90 days. According to this article from Boerse Express, JoWooD was unable to broker a deal with past and potential investors, making it extremely likely that the company will be dismantled and its 85 employees let go.

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This page contains a single entry by Editor published on April 25, 2011 11:44 AM.

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