The liquidators were called in last week to wind up the affairs of Purple Software, the mobile games software company.

A creditors' meeting has been called for February 7, by London-based insolvency practitioners Middleton Partners. This will decide upon a creditor's voluntary winding up, called under Section 98 of the 1986 insolvency Act, which you can read here (http://www.insolvency.co.uk/legal/p04c4.htm#98).

We assume that there will be an asset sale for Purple's technology and games portfolio. We guess that an MBO team may be prepping a bid for the assets too. But this will have to remain conjecture, until we receive a statement from the company, promised us for either last Friday or yesterday. ®

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Purple Software considers future (http://www.theregister.co.uk/content/59/29049.html)