Spellbound Entertainment Bankrupt, but Seeking Further Investment

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Spellbound Entertainment, a German game developer, has filed for insolvency (bankruptcy, in American-speak). Auditors reportedly believe the company has hope for survival due to the advanced state of several projects. As a result, the company is attempting to recapitalize and is (for the time being) still paying the salaries of its 65 employees while the company seeks investment.

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This page contains a single entry by Editor published on March 21, 2012 9:10 PM.

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