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/