PROVIDENCE, R.I. (AP) — An auction is being held for the intellectual property of former Red Sox pitcher Curt Schilling's bankrupt video game company.
Heritage Global Partners is holding the auction for 38 Studios' assets Wednesday by telephone. The property includes the unfinished game under development in Providence with the help of a $75 million loan guarantee from Rhode Island's economic development agency.
The auction house has declined to estimate the IP's worth. 38 Studios receiver Richard Land says initial bids due last week are being kept confidential.
38 Studios collapsed last year, and the state is responsible for some $90 million related to the deal. The Economic Development Corp. is suing Schilling, former 38 Studios officials and others, alleging they knew the company was on course to run out of money.