UPDATE : CVG confirmed that Crytek has made it official that they have bought Free Radical. The studio has been renamed Crytek UK.
1Up reports that a Free Radical employee confirmed with them that the company has been bought over by Crytek. Free Radical, the troubled studio that did the classic Timesplitters and the biggest flop Haze, laid off 140 employee late last year. Rob Yescombe told 1up:
"After seven long weeks of uncertainty, I can confirm that Free Radical is now out of the woods. We've been bought by a really, really good company." He added, in what was possibly a first for the outspoken writer, "I'm so excited I'm lost for words." Then he found some and continued: "It's the smoothest deal we've ever done. It all went through quickly, efficiently, fantastically..."
Yescombe said that he was unsure what the deal would mean for those made redundant on New Year's Eve, but that he hoped the company could ramp back up to its former size.
Great news that a studio was saved from closure and I hope Crytek will allow Free Radical to do its own franchise(hopefully do the brilliant Timsplitters series).
Read the entire news story here
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