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Starbreeze in desperate need of a payday after Overkill's The Walking Dead flop

Starbreeze is desperately trying to save itself from going out of business after a string of high-profile flops.

Following the commercial failure of Overkill’s The Walking Dead, the PayDay publisher has filed for “reconstruction” with the Stockholm District Court – like Sweden’s version of going into administration.

“The decision is based on a shortage of liquidity and deemed to be a necessary step to give the Company the time needed to negotiate a long-term financial solution and implement changes in the organisation and operations,” Starbreeze said in a press release. “The financial targets for Q4 2018 and 2020 no longer applies.”

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Source: EuroGamer