Team Bondi Goes Into Administration

It’s sort of startling to watch Team Bondi crash and burn so hard and so fast. Three months ago they released a blockbuster game in LA Noire, and now they’re just f–ked. I don’t understand how something like this happens, even with all the bad press the company got over allegedly really lame working conditions. I mean we hear about that kind of thing all the time in the games industry, and that’s not usually followed by this kind of quick destruction.

Anyway, the Australian Securities & Investments Commission is saying that Team Bondi is now under administration, meaning that everything is just ruined for them. Holy hell, what a bad day.

This comes not long after the reports that Team Bondi was selling off all its IP. So I guess it really was bankrupt or something.

via GameSpot

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1 Comment on Team Bondi Goes Into Administration

Luther

On September 1, 2011 at 11:40 pm

Wasn’t this game hugely successful? how is this even happening to them when there games selling like hot cakes? maybe to many projects like over expansion?