Swedish police forces have raided Starbreeze Studios' headquarters, on the suspicion of insider trading. Payday developers had a rough patch lately and it seems like someone knew well enough that the 80 per cent stock drop would happen.
Swedish Economic Crime Authority forces conducted a raid on the Stockholm-based Starbreeze Studios and it appears their suspicions of insider trading turned out to be correct as they apprehended one individual. Their name or other personal information was unknown at the time of writing.
Other than the arrest, ECA was seen carrying out several items, including a computer. According to the Swedish website Breakit, this was not the only place that was searched, but Niklas Alhgren confirmed that the arrest happened at Starbreeze Headquarters.
This is the latest in the string of issues for the Payday and Payday 2 developer, as the company first lost about 80 per cent of stock value, which led to the company filing for reconstruction, which is the Swedish version of administration.
Now it appears that the former CFO, Sebastian Ahlskog and CEO, Bo Andersson Klint sold all of their shares in Starbreeze in November 2018. After that, Starbreeze initiated cost savings, changed CEO and went into reconstruction status due to a liquidity crisis. This could be the subject of suspicion for ECA, which they based their raid on.
Fortunately for Starbreeze's employees, as well as Payday fans, it appears reconstruction will focus on making the business go as usual, in order to try and get the company back on track. It remains to be seen how the raids will affect the company in the future.
Therefore, chances are the studio will either get picked up by a bigger company or keep trucking until everything is back to relatively normal conditions.
Still, Payday fans will likely have to wait until at least 2020 for the next installment, and Overkill's The Walking Dead will have to suffice as the placeholder. The game didn't perform all that well, but post-launch content may bring it to a better state.