The fate of Free Radical Design will be announced formally this Wednesday, February 4.
The TimeSplitters and Haze developer went into administration at the end of the year, and numbers were cut at the studio bringing headcount down to 40.
Administrator ReSolve Partners has said that it will make the announcement this week, after indicating that there has been "very strong" interest in the company.
While the administrator had been striving to sell the company as a whole, ReSolve did indicate that it would be prepared to split technology, IP and other assets if it meant a more lucrative sale.
A number of companies have been rumoured to be interested in Free Radical Design, including Codemasters and Monumental Games, but ReSolve has also indicated that there has been interest from outside of the videogames industry.