Game made by Curt Schilling's firm fails to sell

Dec 14, 2013

The flagship game under development by Curt Schilling's defunct video game company hasn't been sold, because no acceptable offers were made at auction. Only two pieces of intellectual property sold for $320,000.

38 Studios receiver Richard Land said Friday he will continue negotiating with interested parties to sell that game and other remaining assets. Five parties participated in Wednesday's auction by Global Heritage Partners. Over 20 expressed interest.

The company was developing a "massively multiplayer" game in Providence with the help of a $75 million loan guarantee from Rhode Island's economic development agency.

With the company's bankruptcy, the state is responsible for some $90 million related to the deal. The state Economic Development Corp. is suing the former Red Sox pitcher and others, saying they deceived the board into backing the loan.

Explore further: Jury says Silicon Valley firm did not discriminate (Update)

Related Stories

Baseball legend fields fantasy world video game

Feb 08, 2012

Electronic Arts has released a much-anticipated "Kingdoms of Amalur: Reckoning" video game created by an all-star team put together by World Series champion pitcher Curt Schilling.

Recommended for you

Amazon unveils move in local services

2 hours ago

US online giant Amazon said Monday it was launching a services marketplace offering to connect consumers with businesses offering anything from home improvement to piano lessons.

Intel in talks with Altera on tie-up

Mar 27, 2015

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

Mar 27, 2015

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

BSD
not rated yet Dec 14, 2013
Science? Computer Science?

No.

This is finance.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.