This was to be expected after BigBen Interactive’s stock market collapse last week. The company’s stock is still frozen and its subsidiary Nacon is in dire straits.
The publisher has therefore filed for bankruptcy after announcing its insolvency on Wednesday. The court in Lille (France) will rule in early March on the future of Nacon, which wants to “sustain the company’s business, protect its employees and maintain jobs while renegotiating with its creditors in a calm and peaceful environment.”
For its part, BigBen Interactive has requested a conciliation procedure with its creditors to facilitate discussions. Trading in the shares of both groups will remain suspended until further notice.
