Swedish developer SimBin Studios has gone bankrupt, former COO Christopher Speed has toldDevelop.
He said the company had decided to go through a re-structuring process and the easiest way to do this was through a bankruptcy”. In total 18 staff were affected.
Following the bankruptcy proceedings Speed has formed a new company named Sector 3 Studios, which will continue to work on RaceRoom Racing Experience.
Head over to Develop for more info.