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’.
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