SimBin goes bankrupt, re-opens as new studio

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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.