Swoopo Files for Bankruptcy

. March 27, 2011 . 0 Comments

Technologizer reports that pay-per-bid auction site Swoopo has filed for bankruptcy, “although the company’s front page claims “technical issues,” documents from a Munich, Germany bankruptcy court indicate its parent company — Shopping Entertainment AG — filed for bankruptcy protection on Wednesday.

The company is asking for protections from its debtors, and it has named a liquidator to start divesting its assets.”

Read more: http://technologizer.com/2011/03/25/swoopo-quietly-files-for-bankruptcy/

Category: Online Auctions

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