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August 17th, 2010 @ 17:49

By Joe Anderson

Sad News.

Original Crackdown and APB developer Realtime Worlds has entered into administration.

The news follows confirmations of redundancies last week given to VG247, with RTW saying it will continue to support APB.

Begbies Traynor Group are handling matters while CEO Gary Dale, who was in Colorado speaking to staff is now back in Dundee.

A full statement from Begbie Traynor is expected later today.

Thanks, GI.biz

http://www.vg247.com/2010/08/17/realtime-worlds-enter-administration/

Sad indeed :(

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Unlikely, it was a runaway success even after the beta.

They should have stuck with MS though instead of turning their nose up to late offers on Crackdown 2.

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Unlikely, it was a runaway success even after the beta.

Runaway success? I disagree. Well received sure but it didn't set the world on fire for anyone.

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Runaway success? I disagree. Well received sure but it didn't set the world on fire for anyone.

You'd be surprised.

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Administration of what? I'm not sure what the article is saying? :|

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Administration of what? I'm not sure what the article is saying? :|

As far as I know it means bankruptcy in the UK. The company is pretty much taken over by investors who either sell it off or shut it down altogether, am I right?

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This must be the big important news they were going to announce to APB "subscribers"... :laugh::rofl::laugh:.

I hate to see them go, but they made fatal mistakes, and it cost them huge.

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