Piranha Bytes, the developer of series such as Elex, Gothic, and Risen, has been shut down. The studio was owned by Embracer, which had been seeking a buyer for the German developer as part of its ongoing cost-cutting restructuring following failed $2 billion deal with Saudi Arabia-backed Savvy Games Group last year.
It was reported that Pirahna Bytes was looking for a new publisher following job cuts last year.
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