Nacon Tech
Nacon Tech business and news from across the web.
GreedFall and Steel Rising Developer Spiders is Shutting Its Doors – RumorReports suggest that Spiders, the development studio behind GreedFall and Steelrising, is reportedly shutting down due to Nacon's inability to find a buyer. The studio's workforce of approximately 70 employees is expected to be laid off, and Nacon Tech has also met a similar fate.
Nacon Seeking to Sell GreedFall: The Dying World StudioPublisher Nacon is reportedly seeking to sell its development studio, Spiders, the creator of GreedFall: The Dying World. This move comes as Nacon faces financial difficulties and has filed for insolvency. A French video game union has criticized Nacon's management for alleged mismanagement and sabotage of its studios.
Four Nacon subsidiaries file for insolvencyFour Nacon subsidiaries, including developers Spiders, Kylotonn, Cyanide, and Nacon Tech, have filed for insolvency and commenced reorganisation proceedings in France. This follows Nacon's own court-supervised reorganisation after its majority shareholder, Bigben Interactive, failed to repay a loan.- Four Nacon-owned studios file for insolvency – Spiders, Cyanide, Kylotonn and Nacon TechFour Nacon subsidiary studios, including Spiders, Cyanide, and Kylotonn, have filed for insolvency as the parent company attempts to navigate a financial crisis. This move allows the studios to operate while restructuring debt and seeking financial sustainability. The crisis began when Nacon's majority stakeholder, Bigben Interactive, defaulted on a bond repayment.
GreedFall and Blood Bowl Developers File for Insolvency Alongside NaconNacon's development studios Cyanide and Spiders have filed for insolvency, following the publisher's own financial difficulties. Other Nacon subsidiaries, including Nacon Tech and Kylotonn, have also filed for insolvency. Insolvency means a company is unable to pay its debts, but does not necessarily mean immediate closure.