News Summary For Friday, June 8, 2012
The latest news all seems to concern 38 Studios' bankruptcy and Nexon acquiring a stake in NCsoft. Read on for the details...
- 38 Studios fired all of its staff last month, but now, the developer (led by Curt Schilling that released Kingdoms of Amalur: Reckoning) has formally declared bankruptcy and is under investigation by state and federal agencies. 38 Studios, through a secured financing arrangement, owes $115.9 million to a Delaware agency and a lot more in unsecured obligations. Also, check this summary.
- Nexon has reportedly acquired a 14.7% stake in NCsoft