Factor 5, the San Rafael, CA-based US developer has now officially shut down for business after succumbing to financial trouble. The announcement was made on their official website, adorned with images of the games they have completed, mostly for the Star Wars franchise, and was also responsible for the PS3 title Lair.
Said the announcement:
We are sorry to announce the closure of the San Rafael-based Factor 5, Inc. studio, but the obstacles created by the sudden bankruptcy of Brash Entertainment for the continuation of the operations have turned out too great to overcome in the current economic climate.
As for the European division of the company, Factor 5 GmbH in Cologne, Germany, "is entirely unrelated to Factor 5, Inc. and the circumstances surrounding Factor 5 Inc.'s recent challenges."
Rumors of Factor 5, Inc. closing down came in just before Christmas of last year, with sources claiming that the office doors have been shut.
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