News: Acclaim Closes Offices
Posted 27 Aug 2004 at 22:49 by Ashley Jones
Acclaim have had a tough time as of late and its not getting any better. They have been forced to close all of their offices.
Acclaim have closed their offices in Austin, Texas, Manchester, UK and Glen Cove, New York. While there is no evidence of employees being laid off it seems that bankruptcy is imminent.
"Acclaim has not nine, but 25 lives," said John Taylor, a videogame analyst of Arcadia Investment Corp. "But each time we go through this [critical financial point] it gets more challenging for them to re-establish themselves. Turok: Evolution was the most critical blow for the company financially. That really took the wind out of them. They've been heading south ever since."
On Monday Acclaim requested to extend their loan with GMAC Commercial Finance. At the moment it is not known whether they will be able to do so.