Looks like more bad new for the Australian game development industry with word from SmartCompany.com.au
that Team Bondi is now in administration:
The appointment comes after a tumultuous few months for the studio. It has been battered by reports of poor working conditions, along with criticism from former employees who were not credited on the company’s blockbuster title LA Noire.
According to documents filed with the Australian Securities and Investments Commission, Riad Tayeh and David Solomons of de Vries Tayeh were appointed as joint administrators of the company on August 30.
It is still unknown whether the appointment of an administrator is related to the rumoured transaction, or whether it will be going ahead at all.
A company search
on the ASIC website confirms the details. While it is unexpected that it happened so soon after LA Noire, I can't say anyone should be greatly surprised. promoted/edited forum item