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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Game maker Tinybuild's shares tumble as it warns it could run out of cash by end of January

TinyBuild

Video game maker Tinybuild, once valued at £600 million, says it needs to find new cash by the end of January to stay alive, after being hit by the combination of weak sales and two legal settlements.

Tinybuild had already warned on sales earlier in the year but said that the market has deteriorated further in October, and some major contracts now may not be signed. Sales are now expected to fall between $40 million and $50 million.

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