Thu, 01 Mar 2012 | ADMINISTRATION
The Manchester-based game developer behind the Xbox Live Arcade game ‘Hydrophobia’, Dark Energy Digital, is being placed into administration.
It is understood that the administration process will commence within the next two weeks, and that the employees have been informed of the decision.
The bosses at the firm have registered a new company with the name of Dark Energy Publishing, sparking rumours that it will acquire the assets of Dark Energy Digital when it enters administration.
The game ‘Hydrophobia’ had unique water effects, but was a weak seller and did not fare well with critics. A subsequent version ‘Hydrophobia Pure’ was released to rectify related issues, and a later version ‘Hydrophobia Prophecy’ featured new levels.
It is thought that the graphics technology behind the ‘HydroEngine’ water effect in ‘Hydrophobia’ could be sold off by the administrators. The ‘HydroEngine’ took years of intensive development, according to the website, and features water that mimics the movement of real life water.
Other assets that could be sold by the administrators are the World Championship Snooker IP and an almost completed Pool game.
Dark Energy Digital was previously known as Blade Interactive, before it folded in 2008.
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
15
|
Aug
|
North East compliance services firm secures investment and new acquisition | BUSINESS SALE
ABCA Systems, a North East-based fire, security and electric...
15
|
Aug
|
Furniture delivery firm that had ceased trading enters administration | ADMINISTRATION
A Yorkshire-based logistics business that specialised in fur...
15
|
Aug
|
North Yorkshire food supplier secures future with sale | BUSINESS SALE
The future of a North Yorkshire-based meat and vegetable sup...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.