Nacon’s financial crisis is getting uglier by the week, and one of its most visible casualties is now Spiders. The studio behind GreedFall and Steelrising is officially looking for a buyer, which makes it increasingly clear that the company may only avoid going under if someone steps in quickly and pulls it out of the fire.
Nacon’s situation is becoming more and more complicated, and it has now reached a genuinely worrying stage. The European company, which released titles such as GreedFall: The Dying World, declared insolvency last February and began a financial restructuring process that hit several of its studios hard. It was recently revealed that four of its development teams – Cyanide, Spiders, Kylotonn, and Big Bad Wolf – had been placed under receivership, and now it has become public that one of those studios has already entered the sale process.
Spiders, the RPG-focused studio, has appeared on the website of the Association Syndicale Professionnelle d’Administrateurs Judiciaires, or ASPAJ, as a company seeking a buyer. Put simply, the studio is for sale and will accept acquisition offers until April 14, 2026. That could drastically reshape the fate of employees who were already in a precarious situation, especially since the entire crisis appears to stem from Nacon’s mishandling of its portfolio of development teams.
Spiders is officially up for sale
ASPAJ is a French professional association of court-appointed administrators that, among other responsibilities, handles and supports companies facing major difficulties and restructuring. In Spiders’ profile, the studio is described as a developer specializing in role-playing games and as the owner of Silk Technology, its in-house engine. The team currently employs 74 people and has developed 10 games so far, including GreedFall, GreedFall: The Dying World, and Steelrising.
The announcement of Spiders’ sale only went public a few hours ago, and no company has yet officially stepped forward to say it will acquire the studio. It may take quite some time before the identity of the next owner becomes clear – assuming one appears at all – because these kinds of processes usually involve negotiation, internal review, and the finalization of acquisition terms. Even so, everything suggests that Spiders would very much like to get through these formalities quickly and put some distance between itself and the ongoing Nacon drama.
Nacon is still standing, but barely
Meanwhile, Nacon is still trying to stay active in the video game business. Despite the insolvency process and the instability surrounding its studios, the company continues to operate and has already released Styx: Blades of Greed and the aforementioned GreedFall: The Dying World this year. It is also backing projects such as Cthulhu: The Cosmic Abyss and has announced itself as the publisher of Hunter: The Reckoning – Deathwish, currently scheduled for 2027.
That does not mean the company is ignoring its own crisis. Nacon had originally planned to hold its Nacon Connect event in March, but the difficulties of recent weeks forced it to postpone the showcase to an unspecified date in May. Financially, the company is currently unable to meet its immediate obligations, and its debt is being restructured under court supervision in order to buy more flexibility and at least preserve business continuity.
Source: 3DJuegos
