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Free Radical's fate to be decided this week
If you're like us, then you remember the amazing GoldenEye 007 and those fun TimeSplitters games (and are trying to forget that Haze one). That's why the ongoing story of UK-based Free Radical touches us so deeply. We were hoping to get a new TimeSplitters game some day!Now, it looks like we'll know on Wednesday if that's to be, as ReSolve Partners, the restructuring administrator handling this dark time for Free Radical, has revealed that the fate of the company will be announced to one and all on February 4th. Hopefully, somebody ends up rescuing the company, because we'd hate to see Free Radical become permanently affixed to our layoffs tag. ReSolve has said that it's prepared to split up technology, IPs, and other assets if it cannot sell the company as a whole, or if the prospect of a more lucrative sale arises.
Chopped up or whole: Free Radical for sale
ReSolve Partners, which is handling the administration of Free Radical's dire situation, continues its mantra that there's "stong interest" in the company from buyers. A ReSolve spokesperson told GI.biz that the chop shop company is trying to sell Free Radical whole, but will cut the piggy up if it'll bring in more cash. ReSolve expects to know in the next ten days what pieces potential suitors are interested in picking off from the studio's still-twitching remains. If ReSolve gets lucky, a company will buy the whole hog.Free Radical currently holds several IPs, including TimeSplitters, Second Sight and Haze. We're going to go out on a limb and say that corporate bargain bin shoppers are probably interested in only two of those IPs (Hint: It's not Haze).
