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Ascaron - Files for Insolvency!

by Gorath, 2009-04-17 19:54:39

According to their own homepage, Ascaron has filed for insolvency! This step was necessary due to delays during Sacred 2's four year development cycle.

Sacred 2 sold more than 100k in Germany and more than 400k units worldwide so far.

Work on the Sacred 2 console versions has been successfully finished. Both Sony and Micrsoft have given their approval. Now Ascaron is working on a Sacred 2 addon and the successor Sacred 3.
Ascaron confirmed they are in take-over negotiations with well-known parties. The talks will continue in close cooperation with their preliminary insolvency administrator.

 

This doesn't necessarily spell the end for the developer and publisher. It simply means that the company, at the time of the filing, didn't have enough cash on the bank to pay all bills. Now the preliminary insolvency administrator will assess Ascaron's business modell and every asset they have, try to find solutions with all creditors, modify the business so that it can be pursued successfully, and try to save as many of the 90 jobs as possible.
Ascaron had to file for bankruptcy once before, back in 2001. They survived after painful cuts.

The most probable candidates for taking over Ascaron are Ubisoft and Koch Media. Ubi has already successfully integrated two other experienced German studios, Blue Byte (The Settlers) and Sunflowers (Anno / nnnn A.D.). Koch Media's premium label Deep Silver publishes Sacred 2 in several European Countries. Both companies are big enough to stem such an acquisition.

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