"To date, the company reports available assets do not allow it to meet its liabilities. The objective with insolvency is to allow continued operation, protect employees and maintain jobs while renegotiating with its creditors."
"Nacon is behind the games Styx: Blades of Greed and was set to publish Terminator: Survivors before that title was delayed. It published Hell is Us last year to some praise, but Test Drive Unlimited Solar Crown was buggy on release and failed to find much of an audience."
"The company also makes hardware like controllers and headsets and racing sim accessories via its Revosim brand. Those products never really caught on with mainstream gamers but did have some success with the pro gaming crowd."
Nacon, a French AA gaming developer and accessory manufacturer, filed for insolvency after its majority shareholder Bigben failed to make a loan repayment. The company stated that available assets cannot meet current liabilities. Nacon developed titles including Styx: Blades of Greed, Hell is Us, and was set to publish Terminator: Survivors. Recent releases like Test Drive Unlimited Solar Crown underperformed commercially and had technical issues. The company also manufactures gaming hardware including controllers, headsets, and racing sim accessories through its Revosim brand, which found limited mainstream success but gained traction with professional gamers. A court hearing in early March will decide on the insolvency request, with share trading currently suspended.
Read at Engadget
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