Game developer GRIN goes bankrupt

Posted on Thursday, Aug 13 2009 @ 12:22 CEST by Thomas De Maesschalck
Swedish game developer GRIN announced it will close its doors due to financial problems. The company claims on its website that it came in this position as too many publishers have been delaying their payments, which caused an unbearable cashflow situation. GRIN is best known from Tom Clancy's GRAW and GRAW 2.
It is with a heavy heart we announce today that GRIN has been forced to close its doors. This as too many publishers have been delaying their payments, causing an unbearable cashflow situation.

After twelve years of hard work, employing hundreds of wonderfully talented men and women, it is over. It has been a great adventure and the GRIN family has experienced what few have.

Looking back at twelve years of games, titles such as Ballistics, Bandits, GRAW 1 & 2, Bionic Commando Rearmed, Wanted: Weapons of Fate, Terminator: Salvation, Bionic Commando and our unreleased masterpiece that we weren’t allowed to finish; it has been a great ride...

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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