Blipfoto administrators selects preferred bidder following liquidation
Blipfoto founder Joe Tree has sought to clarify the future of the photo-sharing platform after it was forced into liquidation, by saying that the liquidator is ‘confident a viable, long-term future’ can be found for the site with a preferred bidder waiting in the wings to pick up the pieces.
FRP Advisory were appointed as administrators for the Edinburgh based business on 11 March sparking fears amongst its users that their images might be lost in the process.
Seeking to quash such concerns however Tree insists that all content will be ‘secured in the coming days under new ownership’.
Tree wrote: “I'm now in a position to provide some assurance that the liquidator is confident a viable, long-term future for the Blipfoto platform, community and content will be secured in the coming days under new ownership. There is a preferred bidder and final discussions are taking place as I write.
“I can’t say any more at this stage, but I am optimistic the lights aren’t about to go out and know many people are working hard behind the scenes to make sure they shine even more brightly in the future.
“Further announcements will follow as soon as possible.”
No reason has been given for Blipfoto’s abrupt demise with Tree only referring to ‘events outside its control’.