BusinessBusiness RecoveryOnline cop game sold by Begbies Traynor administrators

Online cop game sold by Begbies Traynor administrators

IP rights to All Points Bulletin, an online game developed by insolvent Realtime Worlds, sold by administrators

Administrators of a Scottish developer of online multiplayer games have sold the business’ intellectual property rights of one of its most popular products.

Online cops and robbers game APB: All Points Bulletin has been sold to a subsidiary of US-based GamersFirst by joint administrators Ken Patullo and Paul Dounis of Begbies Traynor.

The game had been developed by Dundee-based Realtime Worlds, which went into administration three months ago, with 213 redundancies.

“We are obviously very happy to have concluded the sale but at the same time very much regret the loss of jobs as a result of the closure of Realtime Worlds,” said Dounis.

“As a consequence of the IPR asset sale almost all outstanding wages and holiday pay claims will be met in full.”

 

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor