Dijji, the Seattle company formerly known as Dwango, said in a filing with the Securities and Exchange Commission that it has failed to sell the company and will cease operations.

The company, which sold ringtones and other content on mobile phones, said in the filing that "notwithstanding its efforts over the past several months to enter into and consummate a transaction regarding the sale of the company, including the proposed reverse merger with New Motion ... the company was not able to satisfy certain conditions."

The company said after considering its "financial condition, operations, profitability and viability of continuing as a stand-alone entity," the officers and directors determined "that 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."