Overview
- The Stockholm District Court issued a bankruptcy order against Liquid Swords on Monday, October 12, after employees who had not been paid for roughly two months petitioned for insolvency.
- Cirio, the appointed administrator, published a preliminary bidding document and is taking offers for the company and its assets with a bidding window that closes on October 21.
- The bidding document reports Samson has sold 151,900 units and generated SEK 24.1 million in revenue as of October 14, figures that analysts say underline the studio’s limited cash runway.
- Despite payroll problems, the team released a Steam update on October 8 and launched console versions on September 21, but the administrator warns that any buyer would need to sign new contracts to rehire staff because employment does not transfer automatically.
- About 27–30 employees have been dismissed and will receive unpaid wages through Sweden’s state wage guarantee, and the key next developments to watch are whether a buyer keeps supporting Samson and rehiring the team.