Team Bondi Set to Close; No Mystery Here

October 5, 2011 Written by Cameron Teague

After months of speculation and constant bad vibes, L.A. Noire developer Team Bondi looks to officially close their studios doors for good. According to documents that were filed with the Australian Securities And Investments Commission, a liquidator has been appointed to close up the company at the request of creditors.

This hired liquidator will take care of selling off the remainder of Team Bondi’s assets and paying off the outstanding debt that the developer has.

Since the launch of L.A. Noire back in May of this year, things have been rocky for the developer, with hundreds of developers left uncredited and harsh work environments. All of this comes after the game was widely accepted by critics and gamers, earning around 4 million in sales. L.A. Noire was far from perfect, but did a lot of good things and it is sad to see the doors being officially closed. It would have been nice to see what the group could have done with a new game.

Thankfully, most of the employees won’t be without a job, as they will be offered a chance to work at Kennedy Miller Mitchell, or take severance pay.