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Disappointed to hear this, but it sounds like they made the decision for good reasons at least. Their games are all standouts in an underserved genre.
I wonder when the employees knew. From the news it looks like the closure had been decided on the C-level.
I would not be surprised if a new studio springs into existence from this.
Oh that’s surprising, sad to hear. But at least, as others wrote for understandable reasons. I loved shadow tactics. It felt like such an alive little world and had a surprisingly enjoyable story and good characters. And then Desperados 3 continued to deliver on that. Hope the people find good positions elsewhere or manage to build something on their own.