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Don't Nod Near Insolvency After Tencent Funding Refusal

6/16/2026

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Summary

Story summary

Don't Nod faces possible insolvency by November 2026 without additional financing.
Tencent, which owned 41.9 % of shares and 33.5 % of voting rights, rejected board chair Oskar Guilbert’s funding requests, leaving the studio with €8.8 million in cash in April 2026.
After 2025 layoffs and sales shortfalls for Lost Records: Bloom, Rage and Banishers: Ghosts of New Eden, the studio appears to have closed.

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Story summary

Don't Nod faces possible insolvency by November 2026 without additional financing.
Tencent, which owned 41.9 % of shares and 33.5 % of voting rights, rejected board chair Oskar Guilbert’s funding requests, leaving the studio with €8.8 million in cash in April 2026.
After 2025 layoffs and sales shortfalls for Lost Records: Bloom, Rage and Banishers: Ghosts of New Eden, the studio appears to have closed.