Embracer has reportedly closed Elex developer Piranha Bytes as former creative director announces a new indie studio

Piranha Bytes, the German developer of the Gothic, Risen, and Elex RPGs, has reportedly been closed by parent company Embracer Group. The closure comes less than six months after Piranha Bytes said it was "in a difficult situation" but was still trying to find a way to move ahead with its next game in order to keep the studio open.

The closure was first reported by Polish gaming site CD Action, which quoted a former employee as saying the studio had been shuttered at the end of June after Embracer was unable to find a buyer.