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PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!
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10Tacle Goes Bankrupt, Belgium Studio Shut Down, Titles in Limbo
by Rainier on Aug. 7, 2008 @ 4:17 a.m. PDT
Since January 2008 10Tacle stocks plunged from its former high of 14€/share down to a historical low of less than 1€. Cause of the problem was twofold, various properties sold below expectations (Jack Keane, Warfront: Turning Point, Panzer Tactics) while other high profile/expensive titles (Elveon, Totems) got delayed. In March 2008 CEO Michele Pes was replaced by Joachim Magin who laid off 25% of its employees in a restructuring effort and canceled the acquisition of The Games Company. Fate of titles such as Black Prophecy, Elveon, Totems (studio had to shut down), Codename Panzers: Cold War is unknown.
Since January 2008 10Tacle stocks plunged from its former high of 14€/share down to a historical low of less than 1€. Cause of the problem was twofold, various properties sold below expectations (Jack Keane, Warfront: Turning Point, Panzer Tactics) while other high profile/expensive titles (Elveon, Totems) got delayed. In March 2008 CEO Michele Pes was replaced by Joachim Magin who laid off 25% of its employees in a restructuring effort and canceled the acquisition of The Games Company. Fate of titles such as Black Prophecy, Elveon, Totems (studio had to shut down), Codename Panzers: Cold War is unknown.
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