10tacle posts

It looks like a major European game publisher is about to shut down for good and it may take a long awaited military RTS game with it. A German language press release on the 10Tacle Studios web site has announced that the company has declared itself insolvent following recent financial problems.

The publisher had several games in development prior to this announcement and one of the, the historical RTS game Codename Panzers: Cold War, may be a casuality. The game is the latest in the successful Codename Panzers series of titles by developer Stormregion that were published in the US by CDV. 10Tacle purchased Stormregion in 2007 but according to posts on the official Stormregion message boards by an alledged team member, Codename Panzers Cold War went gold in May but " . . .chances are you will never see it published. 10tacle left our studio dead in the water - our office is now closed and we're out of business, plain and simple." Reportedly Stormregion had over 100 employees at the time of its shutdown.

10tacle Studios AG has revealed its intent to cancel the planned acquisition of Berlin-based development and marketing firm The Games Company Worldwide (TGC). The original acquisition plan was announced in December 2007.

10tacle, famously known for the car simulation series GTR, has decided to cancel the acquisition so it may continue to restructure and better focus future business initiatives.

"With the reverse transaction we have taken a step in the interests of all parties involved," The Games Company CEO Markus Malti commented to Games Industry. "TGC can continue its successful work and 10tacle Studios AG are free to newly position their company strategically as planned."

[via Games Industry]