News Summary

Tequila Works, the Spanish game developer known for titles such as Rime and Gylt, is auctioning off its intellectual property and game rights following its insolvency filing in November 2024. The auction includes rights to games like Deadlight, Rime, and unreleased projects such as ‘The Ancient Mariner’, ‘Dungeon Tour’, and ‘Brawler Crawler’. The developer, which was founded in Madrid in 2009 and recently had a majority stake acquired by Tencent in 2022, cited prolonged market conditions for its financial difficulties. This move follows the company’s decision to lay off part of its development team and the shutdown of Riot Forge, a publishing label under Riot Games, which had previously released some Tequila Works’ games.