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SouthPeak says they aren't close to closing, but instead, are in a 'very strong position'
“SouthPeak isn’t on the verge of closing down. …Thanks to the success of Two Worlds II in North America, SouthPeak’s in a very strong position and we’re looking at plenty of exciting opportunities for this year and beyond.” - SouthPeak’s Rob Burman
Looks like SouthPeak is going to live to see another day within the game industry. We’ll see where they are at this point come next year.