Tagarchief: InstantAction

Torquepowered is dead, long live GarageGames

2 weeks ago by now, the Torque user community woke up under a new reality: the buyers of the Torquepowered part of InstantAction were revealed, operations restarted, and the old ‘GarageGames’ name was assumed again.

The acquiring company, mentioned very briefly and only once in the takeover announcement, is the kind of buyer most of the Torque licensees were hoping for : a games-related company that is more interested in sustained growth and a compatible business plan with that goal, than quick wins or a cash-and run strategy.

Lees verder Torquepowered is dead, long live GarageGames

InstantAction To Rise Again?

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A quick update in the InstantAction Shutdown saga : Eric Preisz just had a very cool Christmas present for all the Torque community members.

I wanted to let everyone know that we are no longer entertaining buyers at this time. Unfortunately, we aren’t going to be able to make any comments until the new year. Please stand by for more information and enjoy the holiday season. The future looks bright.

he’s not saying much, but he says enough to indicate that Torque will RISE AGAIN! Let’s hope this takeover will be better digested by the community than the IAC one.

Good news, cool!

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via Important Update.

Positive sounds from InstantAction Takeover Negotiations

Torque Powered

Eric Preisz had some positive news (although he wasn’t really giving away much) in his latest comment on the InstantAction Shutdown thread on the TorquePowered forums:

I’ve had dozens upon dozens of leads, phone calls, several on site visits, a drive to L.A., and a lot of coffee. Don’t give up hope, things are going well!

Lees verder Positive sounds from InstantAction Takeover Negotiations

TorquePowered and InstantAction are shutting down

Shocking news this evening : TorquePowered just announced that its partner company will be shutting down, and that they are seeking for a buyer.

InterActive Corp has been creating some very big waves recently in the technology landscape as they are reviewing their business. After a period when the company was buying as much companies as it could in an effort to differentiate its portfolio, that strategy has changed. It seems IAC now wants to focus on a limited number of assets, and the ones that aren’t in the core portfolio have to go. And going in this case means being sold or closed down. Lees verder TorquePowered and InstantAction are shutting down