Ascaron files for insolvency
Sacred 2 developer Ascaron files for insolvency but confirms the completion of the RPG for Xbox 360 and PS3. Both versions will be released on May 29.
Today the German game developer and publisher Ascaron announced to have filed for insolvency on April 14 at the local court Bielefeld. The Guetersloh insolvency lawyer Dr. Frank M. Welsch is authorized as provisional liquidator. Ascaron wants to take the chance to save the company and as many jobs as possible.
The executive board has already started negotiations with several well-known potential buyers which are now continued together with the provisional liquidator.
Ascaron executives thank their employees and all Sacred 2 fans. Simultaneously Ascaron and Deep Silver announce that Sacred 2 for Xbox 360 and Playstation 3 will be released as scheduled. Deep Silver confirmed May 29 as release date.
Currently the developers are working on a Sacred 2 PC add-on as well as on the successor Sacred 3. The legal steps Ascaron has taken this week were necessary after the development of Sacred 2 had been considerably delayed within the last four years.
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