TimeGate Lays off Staff
Posted by Ken Barnes
Section 8, Aliens: Colonial Marines developer closes doors.
According to a report from Kotaku, one of the two studios behind the much-troubled Aliens: Colonial Marines - TimeGate - has shut the doors and laid off all of its staff today.
The studio had been facing financial difficulties for a while and filed for Chapter 11 bankruptcy last week. Publisher SouthPeak Interactive applied to convert that Chapter 11 filing into a Chapter 7 liquidation and if the rumours are true, it looks like their wish was granted.
We at Pure Xbox send our sympathies to all the ex-TimeGate staffers, and wish them the very best for the future.