38 Studios Assets Auction Moving to Dec. if Court Gives Approval

Earlier in the month we reported that the attorney appointed by the Rhode Island courts to sell off the intellectual property owned by 38 Studios planned to delay an auction that was set for later this week. The online auction to sell off the current and future rights to the MMO Project Copernicus, sequel rights to Kingdoms of Amalur: Reckoning, and rights for Big Huge Games franchises including Rise of Nations, Rise of Legends and Catan, as well as game engine technology, was set for Nov. 13 – 14.

Apparently attorney Richard J. Land has almost managed to get the whole thing rescheduled. According to what Nick Jimenez, executive vice president of auction organizer Heritage Global Partners, tells GameSpot, the auction will be moved to Dec. if they court gives approval.

Cash generated from the auction will go to the state of Rhode Island, which will use the money to pay down the estimated $100 – $110 million associated with a failed loan to 38 Studios.

We'll have more on this story as it develops.

Source: GameSpot

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