by William D’Angelo , posted 2 minutes ago / 49 Views France-based publisher Nacon announced it has filed for insolvency and applied for the opening of judicial reorganization proceedings before the Lille Metropole Commercial Court. Read the press release below: Nacon Announces That It Has Today Filed for Insolvency and is Requesting the Initiation of…
Nacon, the publisher behind the upcoming GreedFall: The Dying World and other games like Hell Is Us and RoboCop: Rogue City, has filed for insolvency. In other words, Nacon is out of money; as such, the publisher has requested the initiation of judicial reorganization proceedings. Insolvency, in this instance, means Nacon is unable to pay…
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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…