If there was ever any hope of recovering most of the massive $75 million debt left by the collapse of 38 Studios, it’s gone now. A last auction of the defunct studio’s assets last week brought in around $90,000 after expenses, with the auctioned assets consisting largely of office supplies, equipment, and other odds and ends. All that remain are a handful of servers, which the state will be handling through private sales.
The previous auction, which included the company’s handful of game IPs, brought in around $830,000, meaning that the company’s assets didn’t even knock a single million off of the overall loan debt. 38 Studios was based in Rhode Island primarily because of a $75 million loan from the state; the company’s bankruptcy in 2012 left its assets to the taxpayers.
[Source: GamePolitics]
