10Tacle Goes Bankrupt, Elveon All But Cancelled
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Category: News ArchiveHits: 1123
Since January 2008 10Tacle stocks plunged from its former high of 14€/share down to a historical low of less than 1€. Cause of the problem was twofold, various properties sold below expectations (Jack Keane, Warfront: Turning Point, Panzer Tactics) while other high profile/expensive titles (Elveon, Totems) got delayed. In March 2008 CEO Michele Pes was replaced by Joachim Magin who laid off 25% of its employees in a restructuring effort and canceled the acquisition of The Games Company. Fate of titles such as Black Prophecy, Elveon, Totem (studio has to shut down), Codename Panzers: Cold War is unknown.
