Stryda to Shut Down

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Revision as of 19:03, 29 December 2023 by Andura (talk | contribs) (Created page with "{{News |seo_title=Stryda to Shut Down |seo_keywords=Stryda |image=Styrda.jpg |tags=Stryda |date=2023-12-29T18:46:29.000Z |sources={{NewsSource |source=Linkedin |url=https://www.linkedin.com/posts/the-esports-advocate_the-rise-and-fall-of-swedish-esports-company-activity-7146516191321210880-Z5Du |article=News/Stryda to Shut Down }} |author=Andura |category=Drama |content=Swedish platform Stryda is shutting down. The company secured a $100m investment over the years. The c...")
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Written by Dante Uzel on 29 December 2023 18:46

Styrda.jpg

Source: Styrda


Swedish platform Stryda is shutting down. The company secured a $100m investment over the years. The company announced bankruptcy on December 15th. The news states that the company laid off more than 120 employees recently. The sources state that the company 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.”

Tags: Stryda

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