Dundee, Scotland – Video game publisher Realtime Worlds,
which had raised over $80 million in financing from backers including Maverick
Capital, New Enterprise Associates and WPP, has gone into administration, the
Financial Times reported.
Scotland-based Realtime Worlds was founded in 2002 by
Dave Jones, whose previous development credits included "Grand Theft
Auto" and "Lemmings."
The company cited weak sales of its latest
title, "APB: All Points Bulletin," as a major contributing factor in
the move. It employs some 200 staffers in Scotland, and more than 40 at a studio
in Boulder, Colo.
"Our intention is to continue trading the company while
we attempt to find a going concern buyer which will safeguard the future of the
business," Paul Dounis, of administration firm Begbies Traynor, told FT.
Related Links:
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(Financial Times)
