The studio behind the hit detective title LA Noire, has gone into administration.

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The last month has seen numerous rumours that the Sydney-based studio were circling the financial drain despite the success that has seen.

Many of the studio's staff and assets have been moved over to the Mad Max production company Kennedy Mitchell Miller.

According to an anonymous inside source all remaining Team Bondi staff have been offered posts at KMM so hopefully the job losses will be kept to a minimum.

Thanks Develop Online.

By Ewan Aiton