Mt. Gox was launched in July 2010, as a Bitcoin exchange that was based in Tokyo, Japan. The company was one of the largest Bitcoin exchanges in Japan, handling 70% of the countries transactions. However, in February 2014, they closed their virtual doors and filed for bankruptcy.
It has since been reported that two companies are planning to partner together to buy Mt.Gox, whilst also creating their own Bitcoin exchange. They believe that acquiring the failed company will help them fulfill this dream.
The two ambitious companies are BetOcean and Atlas ATS. BetOcean is an ATM Producer based in China, and Atlas ATS is an exchange technology provider based in New York.