Sydney studio Team Bondi is on the precipice of financial collapse, according to a growing number of online sources.
Claims that the company is filing for bankruptcy originate from the Neogaf discussion board. They have not been substantiated by an official representative. A Team Bondi spokesperson declined to initially comment when approached by sister site Develop.
The unverified claims suggest that Team Bondi's remaining staff are going to be bought by Kennedy Miller Mitchell (KMM) – a Sydney based production studio that works across a range of media, including games. Team Bondi figurehead Brendan McNamara is apparently joining KMM too.
Develop has the full story.