Swedish developer Grin has gone bust.
On its website, the company ascribed its woes to “too many publishers [which] have been delaying their payments, causing an unbearable cashflow situation.”
Grin is best known for Ghost Recon Advanced Warfighter and Bionic Commando.
Grin is believed to have had over 200 staff before it laid off approximately 50% in May this year. Twenty-five former Grin employees have already launched new development house Outbreak Studios.
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