01 Sep

Three months after releasing L.A. Noire, Sydney-based developer Team Bondi was placed into administration, according to the Australian Securities and Investments Commission. A process that aids insolvent companies with ongoing debts, Bondi’s payments are being handled by the accounting firm de Vries Tayeh. Reports have already claimed that at least some of the company’s assets have been auctioned off to Kennedy Miller Mitchell, the Australian production company believed to be developing a Mad Max tie-in game.

(via MCV)