The once-bright future of L.A. Noire developer Team Bondi is all but extinguished. The company is now preparing for closure.

According to documents filed with The Australian Securities & Investments Commission, a liquidator has been appointed who will sell off all the company's remaining assets and pay off its outstanding debts in preparation for the developer's closing.

Earlier it was rumored that Mad Max and Happy Feet director George Miller was going to buy the studio via his KMM studio, but that hasn't transpired.


[via Edge]