Defunct Big Huge Games auctions off computers, IP sales to happen later - Technical.ly

Defunct Big Huge Games auctions off computers, IP sales to happen later

Big Huge Games logo courtesy of Wikipedia. Big Huge Games, purchased by 38 Studios in May 2009 before going bankrupt in May this year, auctioned off “hundreds of computers, monitors, office furniture and digital design tools” Tuesday in order to raise money to pay off creditors, reports the Baltimore Sun. From the report: 38 Studios […]

Big Huge Games logo courtesy of Wikipedia.
Big Huge Games, purchased by 38 Studios in May 2009 before going bankrupt in May this year, auctioned off “hundreds of computers, monitors, office furniture and digital design tools” Tuesday in order to raise money to pay off creditors, reports the Baltimore Sun.

From the report:

38 Studios and Big Huge Games owe creditors more than $150 million and have assets of about $22 million. The top creditor, the state of Rhode Island, is owed $115 million after it guaranteed a loan to 38 Studios that lured the company from neighboring Massachusetts in exchange for creating hundreds of jobs. The companies are selling off their assets as part of their Chapter 7 bankruptcy filing. [more]

The hole left by Timonium-based Big Huge Games’ filing for bankruptcy has since been filled by Impossible Studios, an office opened in Hunt Valley by North Carolina-based Epic Games, as Technically Baltimore reported in August.
At the auction was Pure Bang Games founder and Gamescape organizer Ben Walsh. Walsh told the Baltimore Sun that his Highlandtown-based game development company is expanding and is looking for “boring stuff, chairs and desks.”

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