Following insolvency, Tequila Works has put its game rights and intellectual property up for auction

Spanish game developer Tequila Works is auctioning its game rights and IPs after declaring insolvency in November. A page has been set up on the auction platform Escrapalia, as reported by VGC.

The offerings include well-known titles such as the adventure platformer Rime, the action-adventure puzzle game Gylt, and Deadlight, which was the studio's first release. Other items up for auction are vertical slices of unreleased games like The Ancient Mariner, Dungeon Tour, and Brawler Crawler, as well as the studio's branding, website, and social media accounts.

Tequila Works attributed its insolvency to "prolonged market conditions." This financial difficulty followed layoffs within the studio's development team, which occurred shortly before the insolvency filing. In March 2022, Tencent took a majority stake in the company through a financial injection intended to boost growth and foster the creation of original IPs.