German ebook solutions and services provider Txtr filed for insolvency proceedings with a German District Court, which has appointed a provisional administrator to oversee the sale of the company’s assets. People familiar with the situation say that Txtr had been exploring a sale in recent months, and it’s now expected that their assets will be sold from within the bankruptcy estate. In a statement, Txtr said it is working with Olswang Restructuring Solutions and “will continue to search for an acquirer,” indicating that “a number of companies have expressed interest in txtr’s business, technology, organization and user base.” For now, the company says, “there is […]
