Paris-based developer Spiders, known for the GreedFall series, Steelrising, and The Technomancer, faces liquidation less than two months after GreedFall: The Dying World exited early access. Parent company Nacon, which filed for insolvency in late February 2026, failed to find a buyer for the 18-year-old studio despite sale efforts. French outlet Origami reports that liquidation proceedings are now a formality, with staff halting work to update CVs and seek new jobs.
Founded in 2008 by former Monte Cristo developers behind Silverfall, Spiders built a reputation for narrative-driven AA RPGs. Its portfolio includes 2016's The Technomancer, the 2019 original GreedFall—which sold 2 million copies and earned praise for its ambition despite technical issues—2022's Steelrising, and the recent GreedFall sequel, The Dying World. The latter faced backlash during early access and exited the phase shortly before the insolvency news escalated.
Nacon announced its insolvency in late February 2026, prompting plans to sell assets including Spiders amid a broader crisis affecting multiple studios (see prior coverage in the Nacon insolvency crisis series). However, no buyers emerged for the veteran European developer. One of Spiders' ongoing projects, a licensed title codenamed Dark, was cancelled last year, leaving the team to focus on finishing GreedFall 2 and pitching a new game for survival.
Per sources cited by Origami, regular studio activities ceased days ago, with court approval for liquidation now routine. Employees have turned to self-study, job applications, and even organized equipment buybacks via CSE to ease transitions. A final gathering to mark the studio's 18-year run was held on April 28. Nacon spokespeople have not responded to sale-related inquiries.
The STJV union, which previously accused Nacon of 'disdain and incompetence' for post-acquisition mismanagement, headcount cuts, and project sabotage, highlighted the deteriorating conditions at Spiders.