Red Duck – Developer of A.V.A to be auctioned off later this month

[Related article] According to recent reports from China and Korea, developer Red Duck is now owned by a law firm and will be auctioned off to the highest bidder by the end of August. Known globally for the online FPS Alliance of Valiant Arms (A.V.A), Red Duck ran into financial troubles after failing to develop another hit game. Resources were strained by the long development time of Metro Conflict, which is the main cause of financial distress.

Red Duck is now said to be worth around negative USD 18 million, with a debt of around USD 22 million and operating loss of USD 22,000. Interestingly, the value of Alliance of Valiant Arms (A.V.A) and Metro Conflict will not be taken into consideration in the auction. Founded in 2006, Red Duck is the games development subsidiary of Ntix Soft. Ntix Soft, which does not seem to be operating now, made classic online games such as Yogurting.