Games publisher Nacon files for shock insolvency – The Escapist
Games publisher Nacon files for shock insolvency The Escapist Read the original article here
Games publisher Nacon files for shock insolvency The Escapist Read the original article here
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Nacon is in big trouble following majority shareholder Bigben Interactive failing to make the partial repayment of its bond loan to its bondholders. According to Nacon, this was due to “an unexpected and late refusal by its banking pool”. Nacon acts as both a hardware manafacturer (mainly controllers) and as a publisher publishing titles made…
French AA publisher and developer Nacon has filed for insolvency. As IGN reports, Nacon announced last week that its majority shareholder, Bigben Interactive, was unable to make a €43 million loan repayment. This was due to the “unexpected refusal of its banking pool to respond to the drawdown notice.” Bigben Interactive holds 56.72% of Nacon’s…
Video game publisher Nacon has filed for insolvency. As part of the process, the trading of its shares on the Euronext Paris markets has been suspended, with the share prices it announced on February 20th being in effect. The reason for this filing, according to the press release, comes down to majority shareholder Bigben Interactive…
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Nacon, a major French publisher and holdings company, has this morning revealed a dire situation. In a new press release, the company has revealed it has filed for insolvency after its parent company, Bigben, entered a period of financial difficulty. In the release, it was stressed that Nacon will need to undergo a ‘rapid implementation…