Amp’d Mobile Flameout
June 4th, 2007 by Benjamin KuoThe big news this morning is that Amp’d Mobile has just filed for bankruptcy, despite having raised more than $375M in venture capital. The Wall Street Journal reports that the company owes more than $100M in debt, and has assets of less than $100M. The debt is owed to Verizon Wireless, which is owed $33M; Motorola, which supplies the firm’s handhelds, with $16M, along with its investors and retailer Best Buy.
