Spiders, the Paris-based developer behind the GreedFall series, The Technomancer, and Steelrising, is reportedly being liquidated after its parent company Nacon failed to find a buyer following its insolvency filing in late February 2026 [1, 2].
Nacon filed for insolvency at the end of February and sought to sell Spiders, but its window to find a buyer closed in mid-April without any offers [1, 2]. Days ago, Spiders ceased normal operations as employees shifted focus to updating résumés and self-study [1].
Spiders has been making primarily RPGs for 19 years and sold 2 million copies of the original GreedFall, released in 2019 [1, 2]. Last year, the studio cancelled a project codenamed Dark and conducted layoffs affecting a large part of the staff [1, 2]. After that, Spiders concentrated on finishing GreedFall 2 and pitching new ideas to Nacon [1]. GreedFall: The Dying World launched from early access in March 2026 but has not reversed the studio's decline [1, 2].
France’s video game union, Syndicat des Travailleureuses du Jeu Vidéo, blamed Nacon management for undermining Spiders and other studios, accusing them of "disdain for video game production and incompetence". The union said Nacon's mismanagement sabotaged viable studios and worsened working conditions with covert strategies to reduce staff [2].
Judicial reorganisation in France results in full liquidation 67% of the time, making Spiders closure highly likely [2]. The studio’s fate will likely be sealed in the coming weeks as liquidation proceedings progress.
Spiders' story marks a rare but striking exit in the French gaming sector following financial troubles. Its next key milestone is expected to be formal liquidation action once Nacon's insolvency process concludes.
