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&lt;p&gt;In a dramatic flair that contradicts its earlier restructuring plan, BearingPoint announced late last night that it would be selling off &quot;substantially all of its businesses to a number of parties.&quot;&lt;/p&gt;&lt;p&gt;For starters, the firm sold off a &quot;significant portion&quot; of its biggest unit, its public services division, to Deloitte for $350 million (which will make Deloitte happy, seeing as how it&#39;s been on a kick to strengthen its federal government services unit for the past few years). BearingPoint has also signed a letter of intent stating that it will sell a sizable portion of its North American commercial business, including the financial services segment, to PwC for $25 million. Shedding off more layers, the firm is also in talks to sell off its European, Latin American and Asia Pacific practices to as-yet-to-be-announced local buyers. (There is wind on our message boards that the Asia Pacific groups will be snapped up by Accenture).&lt;/p&gt;&lt;p&gt;&quot;Since we entered the restructuring process, we&#39;ve been committed to evaluating all strategic options with the goal of charting the best possible course for the people, clients and creditors of BearingPoint,&quot; said CEO Ed Harbach. “We have concluded that a sale of the company&#39;s business units maximizes value and provides the greatest stability for all interested parties.”&lt;/p&gt;&lt;p&gt;While this news certainly doesn&#39;t come as a shock to many (cue weepy violins), it does come as somewhat of a sad ending for a firm that fought its way through a run of financial troubles starting in 2002, only to catch up with itself in late 2007, and then stumble again, this time irreparably.&lt;/p&gt;&lt;p&gt;As the sales have not been finalized, stay tuned for up-to-date coverage and insight onto how the sale will affect current BearingPoint consultants (here&#39;s a snippet from our message board, from consultants anxious about how the transition will unfold).&lt;/p&gt;

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