"Following the recent positive reception to MQA’s latest technology (SCL6), there has been increased international interest in buying MQA Ltd. At the same time, MQA’s main financial backer is seeking an exit. In order to be in the best position to pursue market opportunities and expedite this process, the company has undergone a restructuring initiative, which includes entering into administration and is comparable to Chapter 11 in the US.
"During this process, MQA continues to trade as usual alongside its partners.
"We won't be commenting further while negotiations take place."
Sounds like it's not the end.
I have trialled Tidal but never with full MQA unfolding. I prefer Qobuz even if it doesn't have as much as the others (in a moving process of my playlists it showed there was approximately 10% missing) but in my system I prefer the sound quality.