Rhode Island to Sell Off 38 Studios' Assets

The state of Rhode Island has announced that it will be selling off the assets from the now-defunct 38 Studios in an effort to recoup losses from the loan the company defaulted on last year. Of most interest to potential buyers are the assets from 38's only game, Kingdoms of Amalur.

"Who knows what the value ultimately will be," said Providence lawyer Richard J. Land. "But there is interest in the assets."

The company's most-valuable assets were its intellectual property -- the drawings, designs and work related to its video games and the computer software supporting the games.

Read more at ProvidenceJournal.com.