I don't think Hostess went broke so much as striking employees filibustered the entire operation out of business. That's what I've gotten out of the articles that I've read, anyways.
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Recently Played (out of ten):
Assassin's Creed IV: Black Flag (PS3)- 9
Deus Ex: Human Revolution: Director's Cut (Wii U)- 9.5
Killzone: Shadow Fall (PS4)- 8.5
The Legend of Zelda: A Link Between Worlds (3DS)- 10
Super Mario 3D World (Wii U)- 10