Gaming Peripheral Maker Mad Catz Shuts Down


Gaming peripheral manufacturer Mad Catz has had a long period of financial struggles, which culminated earlier this week in a decision to formally shut its doors. The company has announced that its assets would be liquidated, all employees sent home, and would voluntarily assign itself to bankruptcy.

Mad Catz filed for Chapter 7 bankruptcy in the United States, granting it protections as it liquidated its assets through its trustee, PricewaterhouseCoopers. With steadily declining revenues stemming from investments into Rock Band 4 periphery and abnormally low stock trades going as low as $0.04 a share, it’s sad that after three decades, the company would dissolve in such a manner, because some of their equipment was actually fairly decent to use outside of OEM hardware.