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Loki Files For Chapter 11 Protection

Posted by timothy on from the hoping-this-is-a-false-alarm dept.

yamla writes: "Loki is dead!" and points to a Linux Review article which says the gaming company has filed for protection from creditors under bankruptcy laws. Yamla continues: "Read about it here. This is terrible news! I have paid for some of their games and they were always at least as good as the Windows versions. I hope Loki can pull out of bankruptcy and keep going but if not, it will be our loss." There is also a story at LinuxToday (pointed out by reader Beee) which draws from the Linux Review report. Meanwhile, the Loki site appears business-as-usual. Filing for bankruptcy protection is not the same as being "out of business," but it's uncomfortably close.

4 of 708 comments (clear)

  1. I bought Quake 3 by alsta · · Score: 1, Flamebait

    And I never ended up installing it. Perhaps I can sell my copy on eBay for beaucoup bucks now? =)

    --
    Wealth is the product of man's capacity to think. -Ayn Rand
  2. Re:Come on, Slashdot! by aaabbbccc · · Score: 0, Flamebait

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

    BUY something??? For Linux??? How incredibly naive.

    Seriously though, don't you understand that one of the key reasons for the popularity of Linux is that every necessary and desirable piece of software for it can be freely downloaded and copied?

    Buying software for Linux is like paying $40 for a web browser. No one is going to do it because everyone expects it to be free.

  3. Re:What a shot below the belt by Goldberg's+Pants · · Score: 0, Flamebait
    Dream on. They're screwed now, you think a few /. users buying games will save them? That's the business version of a sympathy fuck.

    Why buy a game from a company you know may very well be gone and thus the game will never be patched or supported in a couple of months?

    They're screwed. Get over it, move on. Other companies like Tribsoft are coming in. Loki aren't needed.

  4. Re:Buy It. Don't Burn It. by entrigant · · Score: 0, Flamebait

    amen, every now and then someone on slashdot actually makes a good post with real logic and the right kind of attitude. Thank you for actually being sensible and reasonable, and for understanding the real reason why linux is falling.