Crytek denies crisis amid reports that bankruptcy is close

Crytek denies crisis amid reports that bankruptcy is close
James Orry Updated on by

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Crytek, most famous for its Crysis video game franchise and the CryEngine, has denied reports that the firm is on the brink of bankruptcy.

A report in German magazine GameStar stated that “the vultures are circling already” to pick of talented staff, whilst Eurogamer has heard that staff at Crytek’s Sofia office in Bulgaria and here in the UK have not been paid on time.

However, a statement from a Crytek spokesperson has rubbished the reports.

“Regardless of what some media are reporting, mostly based on a recent article published by GameStar, the information in those reports and in the GameStar article itself are rumors which Crytek deny.

“We continue to focus on the development and publishing of our upcoming titles Homefront: The Revolution, Hunt: Horrors of the Gilded Age, Arena of Fate, and Warface, as well as providing ongoing support for our CryEngine and its licensees.

“We have received a lot of positive feedback during and after E3 from both gaming press and gamers, and would like to thank our loyal employees, fans and business partners for their continuous support.”

GameStar notes that Wargaming, owner of the hugely successful World of Tanks, may be interested in buying Crytek, whilst Eurogamer says a bid has been made by a Chinese firm.

Source: Eurogamer