This is terrible news, but we were calling it two years ago, how vulnerable they were financially, and last year, that their camera sales dropped even after expensively developing a mirrorless platform. How will they get that money back? I think Beholder estimated that for every $3000 camera they sell they lose $500.
The whole industry is the poorer for if they close down the division, or more likely, sell it off to an investment fund to do a 'makeover' (Read: asset strip).
It doesn't make sense for another camera company to acquire them because the market as a whole is shrinking so a bank won't lend the money.
And this is not a reflection of their products, sure, that have had some hiccups, but also produced excellence.