Sections

Find out how to kick start your games industry career

Get Your Free Ticket Today

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.

Find out how to kick start your games industry career

Get Your Free Ticket Today

More stories

Twitch says "minimal" impact to users from hack

Streaming website explains in blog update that passwords and sensitive personal information were not leaked

By Jeffrey Rousseau

Mobile veterans form Papukaya

Devs from Supercell, Rovio, and Seriously Digital raise €2.7 million to create games for "people who don't identify as gamers"

By Jeffrey Rousseau

Latest comments

Sign in to contribute

Need an account? Register now.