This company bought studios and IP's to make their portfolio look impressive and then tried to get a middle eastern investor to invest 2 billion dollars in them and the deal fell through. Sounds like they bit off more than they can chew.
Glad I finally replaced my 360 with a modded 360, no need to worry about 360 store shutting down. Same goes for soft modding my PS3. If they are going to take away the right to buy old digital games, fine I will just pirate them.
On the siftd podcast it was said they were just buying up studios to bolster their profile so they could then sell themselves, well now that deal fell through so now they are sol.
They did this same thing with the nvidia shield. Home screen had zero ads then one update turned the top of the home screen into one huge banner of changing ads for "suggested" tv shows.