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Crytek Closes Five Studios; Sells Warface?

Following a report that Crytek was once again having problems meeting its payroll obligations, Kotaku reports the developer has shuttered five studios in five countries, saying the company says it will attempt "to secure jobs and to ensure a smooth transition and stable future" for those who will lose their jobs as a result. Word is they are closing offices in Hungary, Bulgaria, South Korea, China, and Turkey, and will only continue operations in Germany and Ukraine. These closures are confirmed, but they also have a rumor that Crytek has also sold Warface and the upcoming sequel to the free-to-play shooter to, but this is not confirmed. Thanks nin.