HQ Trivia, the live game show app that became a worldwide sensation a few years ago, is shutting down

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Embattled live-gameshow app HQ Trivia is reportedly shutting down its operations after a deal to acquire the company fell through.

"Effective today, HQ will cease operations and move to dissolution. All employees and contractors will be terminated as of today," HQ Trivia's CEO and co-founder Rus Yusupov announced in a company-wide email obtained by Kerry Flynn of CNN Business.

The app's extreme popularity in 2017 attracted over 15 million user installs, and highlighted its potential to re-imagine live shows for the digital age.

But HQ Trivia struggled to recover from the loss of its cofounder and CEO Colin Kroll, who died unexpectedly in December 2018.

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HQ Trivia, a ground-breaking live gameshow for smartphones that went viral three years ago, is declaring game over and will shut down after struggling to obtain funding or a buyer, CNN Business reported on Friday.

Rus Yusupov, the CEO of HQ Trivia, sent an email to the company's 25 employees announcing the news, according the report. All employees would be laid off as a part of the process, the email said.See the rest of the story at Business InsiderNOW WATCH: Watch Google reveal the new Nest Mini, which is an updated Home MiniSee Also:The best mattressesPOWER RANKING: Here's who has the best chance of becoming the 2020 Democratic presidential nominee19 financial perks of being the president of the United States