GamesIndustry.biz is reporting that Intellivision has halted it’s StartEngine Investment Campaign. The campaign was stopped at approximately $58,000.00 which is less than 12% of the set goal.
Speculation has become rampant on what will happen next, with Ars Technica pointing out to a potential bankruptcy announcement, along with the possibility that the company has secured venture capital funding.
No comment has been made by company spokespeople at this time. This is also on the heels of a shakeup in the leadership for the company from earlier in February.
[…] ‘potential investors/acquirers’ outside of StartEngine. Gamers Uplink reported on the cancellation of the StartEngine crowdfunding effort earlier today, and the leadership change earlier this […]