Dijji Closes Down

Dijji, formerly known as Dwango Wireless says that it is closing down and will liquidate all its assets, which include a series of major brand names for the mobile content market. The company recently announced substantial job cuts to try and curb its continuing losses, but has been unable to rebuild its business model to support the considerable license fees it paid for some of its brands.

Dijji recently pulled out of a reverse merger with New Motion, stating that it was not able to satisfy certain conditions necessary to consummate the proposed transaction with New Motion.

"it is in the best interests of the Company, its creditors and stockholders that the Company cease operations and commence an orderly liquidation and winding up" the company said in a filing with the U.S. Securities and Exchange Commission.

Dijji lists ESPN, Napster, Playboy, USA Today and Rolling Stone as its customer."

Posted to the site on 12th June 2006