Nacon Files for Insolvency After Bigben Default

French video game publisher Nacon announced on February 25, 2026, that it has filed for insolvency after its majority shareholder, Bigben Interactive, defaulted on a partial repayment of a 43 million euro bond loan. The Paris-based company, which develops and publishes AA titles, stated that the financial strain has left its available assets insufficient to cover due liabilities.

The default stemmed from an unexpected refusal by Bigben's banking pool to honor a drawdown notice, as Nacon explained in a statement released last week. Bigben holds approximately 57 percent of Nacon's share capital and 66 percent of its voting rights. Nacon indicated that the situation necessitated immediate action to restructure its finances and maintain operations. As a result, the company has requested the opening of judicial reorganisation proceedings from a French court, with a hearing scheduled for early March.

"This procedure will enable the company to continue its business, renegotiate its debts, and develop a credible and effective continuation plan," Nacon said. The process aims to evaluate all viable options for long-term sustainability, protect employees, and preserve jobs while engaging...