Feeds

Silicon France goes titsup.fr

Cessation de paiement

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Silicon Media Group announced Friday that it was selling its UK assets to CNET. We wondered what would happen to the IT news service's newer, smaller operations in France and Germany.

We now have the answer for France, courtesy of 01net.com. On 26 July, Silicon.fr went titsup.fr, or, in French parlance, filed for "cessation de paiement".

This is the legal term for insolvency in France, and is defined by French law as "a corporation is unable to meet its (currently) due debts with its (immediately) available assets", according to this handy primer.

The next course of action is either: "Redressement Judiciaire", designed like Chapter 11, or more modestly the UK's Creditors' Voluntary Agreement, to nurse the company back to solvency, or: "Liquidation Judiciaire", which sees the company wound up. ®

Related story

CNET buys Silicon.com

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.