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Moshi Monster Developer Seeks To Delay Loan Repayment

Mind Candy, the developer behind the children’s online game Moshi Monsters, is seeking a delay to loan repayments over fears its future is threatened by mounting losses. The company said it was in negotiations with its lender, the technology start-up specialist TriplePoint. The bill is due in July and Mind Candy said that if it is forced to begin paying the GBP6.5m at an interest rate of 12% there may be “significant doubt over the company’s ability to continue as a going concern” if sales do not improve.

Read the whole story at The Telegraph »

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