Following the news last Friday that Telltale Games is shutting down, fans have been wondering how and why this happened so suddenly. According to a report yesterday, the culprit is a failed round of funding that Telltale’s board was counting on to keep it above water.
“The company was working diligently to close a round of financing,” Telltale co-founder Dan Connors told Variety. “Unfortunately, when the last potential financial backer abruptly pulled out, we were left in a position where we had no choice but to stop production. Sadly, everyone was so focused on doing what was required to keep the company going that when the last potential partner backed out, there were no other options.”