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I was surprised how fast they grew, acquiring the Timesplitters/Haze studio in UK and creating a brand new one in Texas with the formally from Virgil guys. Considering their main reason for fame is their technical proficiency rather than their franchises, I fear nobody will buy them. Key developers will be hired and eventually the franchises will be purchased for nothing after the company is closed.

That's sad news, I hope they will find a new investor to keep them floating and new management to put them in the right track.