Team Bondi Assets & IPs Sold Off

By Colin Tan on August 9, 2011, 4:22PM EDT

L.A. Noire Developer Team Bondi have apparently sold off all remaining game assets and IPs to production studio Kennedy Miller Mitchell (KMM), according to a Develop source.

The insider, who "engages with both companies locally," has said that all Team Bondi employees have been offered jobs at KMM, with studio boss Brendan McNamara explaining that they can either join the production studio or opt for a severance package.

Speculation says that the developer has gone bankrupt, although there are no official documents to back up the claims. Rockstar, who owns the L.A. Noire IP, is understood not to be affected by the transfer of assets.

Source: Develop

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