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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.

9 of 708 comments (clear)

  1. Hmmm... by NonSequor · · Score: 5, Funny

    It just occurred to me that they may just be filing Chapter 11 to get people to buy more games from them. Hell, it worked on me, I just bought two games from them.

    --
    My only political goal is to see to it that no political party achieves its goals.
  2. Re:There is no justice in the world..... by jbarnett · · Score: 5, Funny

    I suppose we could have also saved pets.com if every Slashdot reader had bought just one 50-pound sack of dog food

    I bought a 50 pound bag of dog food, and I tell you what it sucked ass. I mean it didn't even taste like real dog, more like fake filler substance and beef. I had to make meatloaf out of it and smoother it ketchup to just get it down.

    --

    "`Ford, you're turning into a penguin. Stop it.'" -THHGTTG
  3. Re:Small target group? by jaredcat · · Score: 2, Funny

    Most of these target people probably... did not play games as a primary occupation.
    <p>

    Naturally... Everyone knows that professional video game players only use the Windows platform.

  4. Re:Figures. by grammar+nazi · · Score: 3, Funny
    Bad_economy serves Loki a blue plate special!

    --

    Keeping /. free of grammatical errors for ~5 years.
  5. Re:Unsavable? by puppet10 · · Score: 3, Funny

    I'm surprised usually the accountant is the last employee.

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  6. Re:Chapter 11 != Out of Business by szcx · · Score: 3, Funny

    Thank God the parent was modded up as informative. If people were to rely on submitter and editor commentary, they'd think Chapter 11 == Out of Business.

  7. Unless you are going to loki to buy games... by efuseekay · · Score: 4, Funny

    Stop /.-ing the site for people who are there to buy them!

    *rant over*

    --
    Mode (3) smart-aleck mode. Press * to return to main menu.
  8. Re:Not a big surprise by reverius · · Score: 2, Funny

    Umm... is this "+1, funny" or "-1, offtopic"? :)

  9. Re:Nokia to the rescue!!!!!!!! by dhamsaic · · Score: 3, Funny
    A better question -

    Will they call their joint venture Noki or will they call it Lokia.

    --
    Every once in a while I like to masturbate a new word into my vocabulary, even if I don't know what it means.