Update: Atari has responded to the report and clarified that while Eden Studios is undergoing divestment, the developer is not closing. In fact, support for Eden's games will continue.
Here is a formal statement regarding the recent mix-up:
"Our earnings statement contained a report about the divestment of Eden Studios. We want to make it clear that the studio has not closed and that we will continue to support the console and PC games of Eden Studios, notably Test Drive Unlimited 2, while this process is underway. The divestment is in line with our previously stated strategy of exploiting our popular intellectual property library on mobile devices, where he have seen strong initial success, and via online games and licensing."
Atari has released its fiscal 2012 earnings report, which has confirmed, due to its decrease from previous years, the closure of Test Drive Unlimited developer Eden Games.
The company had revenue of $51.3 million, which is a significant drop when compared to the $77.8 million made last year. That said, they experienced a decrease in losses with a $4.8 million loss as opposed to the loss of $8 million in 2011. Still, that wasn't enough to save Eden Games with Atari restructuring its operations. All of the developer's assets will now be sold off.
Last year, Atari laid off a substantial proportion of Eden Games' employees, prompting a strike from the staff members.
Good luck to everyone affected by Eden's closure.