GRIN Shutting Down Due To ‘Unbearable Cashflow Situation’
August 12th, 2009
Bionic Commando and Terminator: Salvation developer GRIN is officially closing its doors, citing an “unbearable cashflow situation.” The closure comes following rumors of layoffs and other troubles at the Swedish studio, Gamasutra is reporting.
“Too many publishers have been delaying their payments, causing an unbearable cashflow situation,” co-founders Bo and Ulf Andersson wrote on the official site.
“After twelve years of hard work, employing hundreds of wonderfully talented men and women, it is over. It has been a great adventure and the GRIN family has experienced what few have.”
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