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In reply to the discussion: Feds Shut Down File-Sharing Website Megaupload [View all]Occulus
(20,599 posts)This is from the BattleTechWiki:
"Withdrawal from the market
FASA unexpectedly ceased active operations in early 2001. Contrary to popular belief, the company did not go bankrupt; it still exists as a corporation holding IP rights which it licenses to other publishers. According to the owners, they decided to quit while the company was still financially sound in a market they perceived as going downhill. Mort Weisman had been talking of retirement for some years and his confidence in the future of the paper-based games business was low. He considered the intellectual property of FASA to be of high value but did not wish to continue working as he had been for the last decade or more. Unwilling to wrestle with the complexities of dividing up the going concern, the owners issued a press release on 25 January 2001 announcing the immediate closure of the business. "