Daedalic's parent Nacon is insolvent

French game publisher and accessory manufacturer Nacon has filed for insolvency after a repayment from majority shareholder Bigben Interactive failed. Under the current circumstances, the company is unable to meet its payment obligations, Nacon writes in a statement. Trading in Nacon and Bigben shares was suspended on February 20.

Nacon will now seek a judicial restructuring procedure in Lille, which is intended to save the gaming company and preserve the total of 1000 jobs. To this end, Nacon intends to negotiate “calmly and constructively” with creditors, the statement says. As part of the procedure, debts can be frozen for up to 18 months. The first hearing is scheduled for early March.

The French company is known, among other things, as a manufacturer of gaming peripherals such as game controllers, but as a publisher, it is also involved in the development of video games. Among Nacon's subsidiaries are Cyanide (“Styx” series) and the sports game developer Big Ant.

Daedalic has been part of Nacon since 2022

German game company Daedalic has also belonged to Nacon since 2022. The French company bought Daedalic at the time, when the game flop “The Lord of the Rings: Gollum” was still in development, for a total of up to 53 million euros. After the unsuccessful release of “Gollum,” the “Deponia” creators retired from active game development. Today, Daedalic still acts as a publisher for titles from smaller studios.

Just a few days ago, Nacon announced its online conference, Nacon Connect, for March 4. The event, broadcast via livestream, is set to showcase upcoming Nacon games, including “Cthulhu: The Cosmic Abyss,” “The Mound,” “Edge of Memories,” and “Endurance Motorsport Series.” It is still unclear whether this event will take place as planned despite the insolvency filing.

(dahe)