Publisher 505 Games has closed several branches in Europe. Specifically, Germany, Spain and France are affected.
This move does not come suddenly, as parent company Digital Bros. had already announced restructuring measures last November. This means a total loss of around 30 percent of employees. Just yesterday it was announced that Remedy Entertainment had acquired the rights to the “Control” franchise from 505 Games for 17 million euros.
505 Games was founded in 2006. The headquarters are in Milan (Italy).