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Rumour: Factor 5 studios to be shut?

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IGN's Matt Casamassina has published an email from an "inside source" that claims Factor 5 is to close.

From the mail:

We just learned from inside sources that developer Factor 5 has officially closed their doors as of today. That’s some pretty big news considering that those guys have been around for quite a while. It’s definitely a real shame! I hope that this information is helpful to you.

Factor 5 was reported to be in a spot of bother last week as it was rumoured that 37 staff were laid off.

More Christmas cheer for the games industry, it seems.

Thanks, GoNintendo.

By Mike Bowden

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