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According to sources in the gaming industry, message boards and countless tweets in the twitterverse, developer Bizarre Creations has been closed. The company, acquired by Activision 2007 for $67.4 million, is headquartered in The United Kingdom and is behind recent racing game Blur and recently released action title 007: Blood Stone as well as Project Gotham Racing and Geometry Wars.
Reportedly, all 200 of the employees at Bizarre have been put on 90 day termination notice.
Activision released the following statement:
"Over the past three years since our purchase of Bizarre Creations, the fundamentals of the racing genre have changed significantly. Although we made a substantial investment in creating a new IP, Blur, it did not find a commercial audience. Bizarre is a very talented team of developers, however, because of the broader economic factors impacting the market, we are exploring our options regarding the future of the studio, including a potential sale of the business."
More on this as it develops, obviously. Until then, leave your reaction in our comment section.