Realtime Worlds shuts down APB, making 50 employees redundant
Realtime Worlds

Dundee-based computer games firm Realtime Worlds finally had to pull the plug on its flagship multi-player online game, All Points Bulletin (APB), which was launched just three months ago.

Administrators of Realtime Worlds, who failed to secure a new owner for its £64 million game, confirmed that that the game was shut down.

Fifty employees, who were at the company on a temporary basis, have now been thrown out of work. Seven temporary employees are still there to help wind the company down.

Joint administrator Paul Dounis, of restructuring firm Begbies Traynor, said that APB game failed to attract buyers.

Speaking on the topic, he said, “After an accelerated diligence process, the interested parties made it clear that the sale of APB as a going concern and ‘live’ operation is fraught with too many unknowns and therefore not a viable proposition.”

The computer games firm went bust previous month after reportedly ploughing too much funds into its flagship APB project that suffered from uninspiring reviews, low internet subscriptions as well as poor sales.

APB project proved to be a bloody nose the company and its founder David Jones, who co-created the immensely successful Grand Theft Auto series and PC favorite Lemmings of the 1990s’.

Latest News

Samsung launches Galaxy S4 compatible TecTile 2 tags
Soaring gas prices surprise market watchers
Recon comes up with Google Glass-like product
Netflix and YouTube consume nearly half of US internet capacity: study
Google commemorates Atari Breakout’s 37th anniversary
New York AG wants leading mobile makers to help tackle problem of device theft
Amazon agrees to acquire Samsung's Liquavista business
Google all set to launch centralized gaming hub for Android: suggests leaked APK
Snapchat app stores users’ images
Verizon: Nokia Lumia 928 to be available from May 16
Deluged by police requests for iPhone decryption, Apple has created a “waiting l
Twitter acquires Ubalo to accelerate its back-end