Nacon subsidiaries Spiders, Kylotonn, Cyanide, and Nacon Tech have filed for insolvency.
As Game Developer reports, the France-based studios have commenced reorganisation proceedings at the Lille Métropole Commercial Court.
Spiders is known for working on Gredfall franchise, Kylotonn oversees the World Rally Championship series, and Cyanide worked on the Styx and Blood Bowl franchises. All developers are based in Paris.
Earlier this month, Nacon commenced court-supervised reorganisation proceedings to address its debt and restructure the company.
The French publisher filed for insolvency after its majority shareholder, Bigben Interactive, was unable to repay a €43 million loan.
As noted by Nacon, judicial reorganisation proceedings “are collective…