GRIN facing bankruptcy?

Written by Joe Martin

August 11, 2009 | 10:20

Tags: #bionic-commando #credit-crunch #stockholm #terminator #wanted

Companies: #grin

Stockholm-based developer GRIN is facing continued financial difficulty it seems and is expected to announce a series of studio closures and layoffs in the coming days, according to reports.

The developer already made some layoffs earlier this year and closed two studios in Barcelona and Gothenberg.

Now it seems that further layoffs are expected and the developer may be facing bankruptcy, with staff of the main Stockholm office being told not to come in to work, according to some sources within the company who have spoken out to

The fact that GRIN is facing continued financial difficulty is hardly surprising though, with the last three games from the developer all being pretty disappointing and getting a mostly negative reaction from critics and a mixed response at retail. GRIN's last three games have been Bionic Commando, Terminator: Salvation and Wanted: Weapons of Fate.

If the rumours of bankruptcy are true then it'll be a sad end for the developer, which was originally founded in 1997 and was best known for creating games in the Tom Clancy's Ghost Recon Advanced Warfighter series.

Fears of bankruptcy are just rumours for now though, so until we know more you can pass your thoughts on in the forums.
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