Amalur Intellectual Property to Be Sold by the State of Rhode Island

Posted by at 10:46 am on May 22, 2013

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Rhode Island is going to try to recover some the $100-million-plus loan debt from 38 Studios by selling the Amalur intellectual property shortly. The Providence Journal reports there is interest in the asset, but the lawyer in charge of the sale hasn’t revealed a value.

Meanwhile, a hearing in the state’s lawsuit against the architects of the 38 Studios loan is scheduled for this Wednesday, after studio founder and former Boston Red Sox pitcher Curt Schilling was unable to get the suit dismissed in March.

The sale of the studio’s physical assets net the state approximately $830,000. Following the sale of the IP, Rhode Island tax payers will have to pay off the rest of the debt.

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