The reason they went bankrupt is because of Blur and James Bond 007: Blood Stone games they made with Activision underperformed. Anyway it not all bad news since a major junk of their workers now work for Playground Games which brought us Forza Horizon which I actually liked a bit better then most PGR games. Still love PGR4 for having both real cars and motorcyles in the game. But to me the only time they where a indie studio is when they where known as Rasing Hell Software and made the Killing Game Show and Wiz 'n' Liz. After that they became a minor second party developer with Psynosis (now know as SCE Studio Liverpool) and then with Sega and after that a major second party developer with Microsoft (none of the PGR games have even close to a indie game budget they cost a lot more to make and where promoted a lot more then most indie games).
