After a prolonged period of speculation over the possible future for Argonaut games, which has recently ceased trading on the London Stock exchange and had shed over 100 employees, as well as closing down its Sheffield studio, it will now be going into administration and will be going up for sale.
It’s an unfortunate demise for the creators of the SNES’ much-loved, Super FX chip enhanced Starfox; but along with publishing contract troubles, more recent projects such as Carve and Catwoman had failed to impress both gamers and shareholders. Directors from Argonaut’s subsidiary companies (Argonaut Software Limited, Just Add Monsters Limited and Morpheme Limited) have subsequently brought in administrators to reorganise the larger business, so that the individual teams might be able to continue with their respective projects with the minimum of disruption. Argonaut PLC itself will not be going into administration.
It has also been officially confirmed that Jeremy San and Aaron San have resigned from the board, although where they might resurface is still unknown. If anything more comes to light, we’ll let you know.