Realtime Worlds, the developer of fronted by the man credited with creating the Grand theft Auto series, has this week announced 50 million USD of new funding.

The deal will see Maverick Capital back the game maker, aided by Montgomery & Co; the advisers having previously brokered a deal which saw Club Penguin sold to for a whopping 700 million USD.

Realtime Worlds will use the new injection of cash to polish-off All Points Bulletin, their eagerly awaited - set in an urban landscape rife with crime.

We'll bring you more on as it nears release.

By Luke Guttridge