Don't Nod seeks financial alternatives after Tencent declines short-term investment
By
Bryant Francis
Crispy enough to crunch, soft enough to enjoy. A good bake.
Summary
Don't Nod, the developer behind Aphelion and Lost Records: Bloom and Rage, is actively seeking financial alternatives after a report claimed the company could run out of cash by November. French journalist Gauthier Andres reported that shareholder Tencent is unwilling to provide short-term investment or finance projects. Don't Nod confirmed Tencent is not making short-term investments and stated it is pursuing multiple strategies to extend its cash runway and strengthen its financial position.
Key quotes
· 2 pulledactively working on several levers to extend its cash runway and strengthen its financial position
unwilling to raise capital or finance any projects
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