"About Two Dozen Parties" Expressed Interested in 38 Studios' IP
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Nick Jimenez, executive vice president at Global Heritage Partners, said the would-be bidders in the Dec. 11 telephone auction for 38 Studios' assets are from North America, Europe and Asia. Some have expressed interest in buying all the intellectual property, and some are eyeing parts of it, he said.
All are being screened ahead of time and must sign non-disclosure agreements.
The property includes the unfinished "massively multiplayer" online game, code-named Copernicus, that was under development in Providence with the help of a $75 million loan guarantee from Rhode Island's economic development agency. Also being sold off are the intellectual property rights to titles developed by Big Huge Games, which 38 Studios had acquired, and a range of in-house game technologies.
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Initial bids on the intellectual property are due to Richard Land, the court-appointed receiver in the case, on Dec. 4. The interested parties so far include some well-known industry figures, he said.
While it's not clear if anyone will want to invest the tens of millions of dollars it would likely take to finish Copernicus, developers could make use of parts of it.
"It would be fair to say that there will be some version of the intellectual property out there" on the market, he said.
Thanks, GameSpot.
