Starbreeze is desperately trying to save itself from going out of business after a string of high-profile flops.
Following the commercial failure of Overkill’s The Walking Dead, the Payday publisher has filed for “reconstruction” with the Stockholm District Court – an alternative to bankruptcy that gives it breathing room to find the money it needs to pay off debts.
“The decision is based on a shortage of liquidity and deemed to be a necessary step to give the Company the time needed to negotiate a long-term financial solution and implement changes in the organisation and operations,” Starbreeze said in a press release. “The financial targets for Q4 2018 and 2020 no longer applies.”
