Greedfall Developer Spiders Reportedly Nears Closure As Nacon Fails To Secure A Buyer After Insolvency Filing
Spiders, the French studio behind Greedfall, Steelrising, Mars War Logs, and The Technomancer, is reportedly heading toward closure after its parent company Nacon failed to find a buyer for the studio following insolvency proceedings. According to a new report from Origami, the Paris based developer could be placed into judicial liquidation imminently, with the outlet saying the move is now largely procedural at this stage. A Bluesky post from Origami journalist Gauthier Andres repeated the same claim, stating that Spiders would be judged for liquidation the next day after no buyer was found.
INFO Origami - Le studio français Spiders (Steelrising, GreedFall) fermera bientôt ses portes. Nacon n'a pas trouvé de repreneur pour sa filiale, qui sera jugée pour liquidation demain. www.origami.ng/spiders-gree...
— Gauthier 'Gautoz' Andres (@gautoz.cool) April 28, 2026 at 10:04 PM
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Origami reports that Nacon had been trying to sell Spiders and Nacon Tech as part of a broader effort to stabilize the group’s finances, but no offer was made for Spiders before the target window. The article says the studio’s activity has effectively been winding down in recent days, with staff updating resumes and shifting into self training rather than continuing normal production work. It also says French law would in theory require layoffs within 15 days after a liquidation judgment. Nacon declined to comment to Origami for that report.
The broader financial context is already documented elsewhere. Multiple reports in March said Nacon had entered insolvency related proceedings after its majority owner ran into refinancing trouble, and that subsidiaries including Spiders, Cyanide, KT Racing, and Nacon Tech also filed for judicial reorganization. GameDeveloper reported on March 24 that those studios had filed after Nacon itself entered insolvency proceedings earlier in the month.
That makes this latest Spiders report especially significant because it suggests the first major collapse inside the group may now be close. Origami says Spiders was founded in 2008 and had around 70 employees still tied to its remaining work, including Greedfall 2 support and a new internal pitch intended to secure the studio’s future. Instead, the report says those efforts have now stalled as the studio heads toward shutdown.
The timing is especially grim because Spiders is still listed as the developer of GreedFall: The Dying World, which launched on Steam on March 10, 2026 under Nacon as publisher. The Steam page currently shows the game with mixed overall user reviews and mostly positive recent reviews, confirming that support work has still been active even amid the studio’s reported financial crisis. Steam also shows a fresh Patch 1.2 update dated April 27, 2026, which lines up with your point that the team had still been trying to improve the game right up to now.
What makes the story harder is that this is not yet a formal public closure announcement from Nacon. At this stage, the strongest available reporting says Spiders will close soon and that liquidation is expected, but the company itself has not issued a public statement confirming the studio’s final shutdown. That distinction matters, even if the reporting now paints a very bleak picture for one of France’s longest running AA RPG developers.
If liquidation proceeds as reported, Spiders would become one of the most painful casualties of Nacon’s current financial turmoil. The studio carved out a recognizable identity over the past decade with ambitious mid budget RPGs that never had blockbuster budgets but often aimed for much larger world building and player choice systems than their size suggested. Losing a team like that would be another blow to the European AA space, especially at a time when publisher consolidation and financial pressure are already squeezing studios that sit between indie scale and full AAA production. This final point is an inference based on Spiders’ catalog and the reported liquidation risk.
For now, the situation remains a reported near term closure rather than a completed one. But unless a late buyer unexpectedly appears or Nacon finds another path forward, Spiders appears to be very close to the end of an 18 year run.
If Spiders does close, which game from the studio do you think best represented its place in the AA RPG market?
