Stryda to Shut Down

Stryda to Shut Down

Drama

29 December 2023 18:46

Swedish platform Stryda is shutting down. The company secured $100m investment over the years. Styrda announced bankruptcy on December 15th. The news states that the company laid off more than 120 employees recently. The sources state that Styrda aimed for an acquisition however the buyers withdrew from negotiations. Stryda CEO Johan Persson stated “We have presented the case to over 100 financial and strategic investors and buyers. We got very far with some, and we have always felt that it was close. But this week we received a no in a lengthy process, which led to the board making this decision.”

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Stryda to Shut Down

Drama

29 December 2023 18:46

Tags: Stryda

Swedish platform Stryda is shutting down. The company secured $100m investment over the years. Styrda announced bankruptcy on December 15th. The news states that the company laid off more than 120 employees recently. The sources state that Styrda aimed for an acquisition however the buyers withdrew from negotiations. Stryda CEO Johan Persson stated “We have presented the case to over 100 financial and strategic investors and buyers. We got very far with some, and we have always felt that it was close. But this week we received a no in a lengthy process, which led to the board making this decision.”

Share:

Sources:

Report mistake Submit news

Related news

View All

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Nintendo has secured a major legal victory in a long-running patent dispute, winning nearly €7m in damages, interest, and legal...

Drama

Dec 18, 2025

Apple's Reasonable Fee Request Accepted

Apple has won a small victory in its long-running legal battle with Epic Games after a recent appeal ruling in...

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Dec 15, 2025

Rockstar Denies Union Busting

Rockstar Games has confirmed the firing of 31 staff members for "gross misconduct," following allegations that they had "distributed and...

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Several well known Dota 2 players, including Ceb and N0tail, have decided not to attend the upcoming Games of the...

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