Starbreeze Facing Insolvency - CEO Bails

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Medicine Man
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Starbreeze Facing Insolvency - CEO Bails

Post by Medicine Man » Mon Dec 03, 2018 1:32 pm


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DjchunKfunK
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Re: Starbreeze Facing Insolvency - CEO Bails

Post by DjchunKfunK » Mon Dec 03, 2018 1:52 pm

Saw this earlier today, sad news but considering their investment in VR and the multiple reboots that went on around the terrible Walking Dead game they have just released it's not a major surprise. Why they didn't just focus on getting PayDay 3 out I don't know.

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Medicine Man
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Re: Starbreeze Facing Insolvency - CEO Bails

Post by Medicine Man » Mon Dec 03, 2018 5:56 pm

True.

I wonder where this leaves Pyschonauts 2, they were publishing it iirc. I would imagine it wouldn't be too difficult to find another I suppose.

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Re: Starbreeze Facing Insolvency - CEO Bails

Post by DjchunKfunK » Wed Dec 05, 2018 12:11 pm

Company raided under suspicion of insider trading. One person arrested, computers and equipment has been seized. Looks like it's all coming crashing down. :(

EDIT:
In mid November, outgoing CFO Sebastian Ahlskog sold his entire stake in Starbreeze for a total of SEK 3.3 million. At about the same time, outgoing CEO Bo Andersson Klint sold shares for a total of SEK 18.6 million. The transactions were made at stock prices around SEK 4-6.
Current stock price is 0.80SEK, $1 = 10SEK.

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