Sections

Connect with world renowned investors

14 - 16 April 2021

Join the event

10Tacle declares insolvency

The company sees its shares drop 73 per cent following the news

10Tacle Studios AG has claimed insolvency, according to reports from the German website for the Wall Street Journal.

It is believed that the EUR 6.2 million in funding the developer announced just last week fell through, causing the company to declare insolvency last night. Since then, the developer has seen its share price drop over 73 per cent on the Frankfurt stock exchange.

10Tacle Studios announced last May it had to reverse plans to acquire the developer The Game Company, due to restructuring.

GamesIndustry.biz has contacted 10tacle for further comment.

Connect with world renowned investors

14 - 16 April 2021

Join the event

More stories

Motorsport Games acquires racing simulation tech firm Studio397

Dutch firm will retain brand and continue work on rFactor 2 platform, which will be used in future Motorsport titles

By James Batchelor

Zynga acquires Echtra Games

Social publisher buys Torchlight 3 developer to help bring existing mobile franchises to consoles and PC

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.