News Burst: URwired closes its doors

E-commerce gaming site URwired announced the voluntary liquidation of its business to customers Thursday adding to growing concerns over the state of Britain's e-business.

Customers will feel let down by the brief apology posted on the homepage, which fails to address the paid orders that can no longer be delivered.

URwired was unusually funded by the family of chief executive Mattias Lamotte. The company has convened a creditors' meeting that will take place a week from today, where creditors will submit their claims to the business. It is expected that accountancy firm Deloitte and Touche will be appointed to liquidate the business.

Full story to follow.

See techTrader for more technology investment news, plus quotes and research.

What do you think? Tell the Mailroom. And read what others have said.