10tacle announced in December last year that it would be acquiring TGC, but the two parties said Friday that they have decided to reverse the transaction.

"Due to the restructuring and new focusing of business activities at 10tacle Studios AG, the agreed increase in capital has not been realized yet," TGC said in a statement.

“With the reverse transaction we have taken a step in the interests of all parties involved. TGC can continue its successful work and 10tacle Studios AG are free to newly position their company strategically as planned," said TGC CEO Markus Malti.

TGC CEO and development director Carsten Strehse added, “All parties agree that the orientation of our business as a publisher with internal and external development competencies as vital assets does not fit into the new concept of the 10tacle group.

"The reverse transaction is the logical consequence of this realization. Now we will expand our proprietary development capacities and invest in the development sector on a large scale.”