Free Radical Design Officially For Sale

Talking to 1up, Cameron Gunn from ReSolve Partners (the people handling Free Radical Design’s predicament) has confirmed the company has had to scale down drastically, as well as put itself on the market.

We made around 140 employees redundant yesterday, effective 31 December (the date up to which they had been paid). We’re still trading on with the remaining 40 or so employees, have advertised the business for sale and have received some strong interest.

With the current economic turbulence, all videogame companies have been finding further investment hard. Combined with the less that impressive performance of Haze and you get the company going bust. Hopefully, with their two rumored titles being worked on the company is worth enough to be bought by some of the “strong interest”.

Sadly, the company may be worth less than many people think. One of the rumors to come out with the first word of the redundancies was that their most anticipated game; Star Wars Battlefront III, was moved out of Free Radical Design and is now being developed by Rebellion.