Technology blog Gigaom announced that, unable to pay creditors, it’s discontinuing its operations, but it likely is not filing for bankruptcy.
In a post titled “a brief note about our company,” Gigaom’s management said it’s currently unable to pay creditors that have rights to all of the company’s assets. Gigaom said it doesn’t know what lenders plan to do with the assets, but “the company does not currently intend to file bankruptcy.”
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