RTW buyer interest "from both sides of the Atlantic"

Administrator: Company had run up debts of 3m

Realtime Worlds has attracted interest from potential buyers "from both sides of the Atlantic," according to a statement from administrator Begbies Traynor.

The company, which entered administration yesterday, will continue to run its flagship title APB for the time being as discussions continue over the future of the business.

It has emerged that the developer had run up debts of £3 million to trade creditors in the UK, while a total of 53 jobs in the UK and 14 in the US office would be retained - meaning the total loss of 185 posts.

"We are actively pursuing all these expressions of interest which have come from both the UK and US," said joint administrator Paul Dounis. "We very much regret the redundancies that we have had to make.

"[But APB] will continue and that is something we want all customers to be aware of," he added.

Since the news emerged yesterday, publisher Activision and fellow independent developer Blitz have announced recruitment events in Dundee starting tomorrow.

More stories

APB's Second Life

GamersFirst's CCO talks why, how and when for the APB relaunch

By Alec Meer

K2 Network buys rights to APB

Company behind GamersFirst service snaps up Realtime Worlds MMO for rumoured 1.5m

By Matt Martin

Latest comments (1)

Kingman Cheng Illustrator and Animator 11 years ago
That's encouraging to hear, it would be nice if it was kept exclusivesly UK still but stability is more important right?
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.