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According to a filing on the Gazette insolvency noticeboard, Fetch.ai

entered into administration last week. It was subsequently bought by a consortium made up of the firm’s founders, known as Assmbl.ai, according to administrators ReSolve who said the founders put forward “the best offer.”

ReSolve partner Ben Woodthorpe said: “After a wide marketing campaign, we are pleased to have achieved a sale of the business and assets of Fetch.AI, which is in the best interests of the creditors.

Does not that resolves the question?

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Is this not the answer to the question? The founders themselves bought the company... So they basically took insolvency to buy it cheaper. That's why the new company was formed.

Mehmet
Is this not the answer to the question? The founde...

Nope, that is not correct. It was bought so that fetch has the right to continue using the IP. Please see the ownership of the previous company.

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