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Nacon delays game showcase after filing for insolvency: ‘We are choosing to focus our resources’
French publisher and peripheral firm, Nacon, has delayed a planned showcase after it filed for insolvency last week. According to an announcement on February 25, Nacon’s majority shareholder Bigben Interactive had failed to make partial repayment of a bond loan, due to “an unexpected and late refusal by its banking pool”, forcing it to call for financial restructuring with its creditors. The news arrived just days after Nacon announced its next Nacon Connect presentation planned for March 4, which it said would include new game announcements and presentations for previously announced games. Read More...
French publisher and peripheral firm, Nacon, has delayed a planned showcase after it filed for insolvency last week.According to an announcement on February 25, Nacon’s majority shareholder Bigben Interactive had failed to make partial repayment of a bond loan, due to “an unexpected and late refusal by its banking pool”, forcing it to call for financial restructuring with its creditors.
The news arrived just days after Nacon announced its next Nacon Connect presentation planned for March 4, which it said would include new game announcements and presentations for previously announced games.
Read More...
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