GRIN founders Bo and Ulf Andersson announced today on the firm's official website that due to cash flow issues it must close its doors.
"It is with a heavy heart we announce today that GRIN has been forced to close its doors. This, as too many publishers have been delaying their payments, causing an unbearable cashflow situation," read the statement.
"After twelve years of hard work, employing hundreds of wonderfully talented men and women, it is over.
"It has been a great adventure and the GRIN family has experienced what few have.
"Looking back at twelve years of games, titles such as Ballistics, Bandits, GRAW 1 & 2, Bionic Commando Rearmed, Wanted: Weapons of Fate, Terminator: Salvation, Bionic Commando and our unreleased masterpiece that we weren’t allowed to finish; it has been a great ride."
How very sad.
More through the link.