Following word that the game had gone gold for consoles, Sacred 2 developer Ascaron Entertainment announced that it has filed for bankruptcy protection and is now in “negotiations with several well-known interested parties to discuss a positive takeover.”

“After four years developing Sacred 2: Fallen Angel, an extended development delay made it necessary for Ascaron to go into administration,” the studio explained. It noted that the development team is currently working on an expansion as well as a sequel.

The company will temporary continue operations though it is incapable of repaying its debts.

"Due to the protection offered by German administration rights, Ascaron intends to use this as an opportunity to secure the future of the company," the company noted.

Sacred 2 players need not worry, as the servers and services for the game’s multiplayer modes are unaffected and will continue as usual.