Jez San, the man behind the Argonaut games group which went into administration a week ago, has bought back most of the company.
The veteran games developer has taken over the Cambridge-based Just Add Monsters studios and the London subsidiary Morpheme.
The Argonaut group went into administration due to a severe cash crisis, firing about half of its staff.
In August it had warned of annual losses of £6m for the year to 31 July.
He founded Argonaut in 1982 and has been behind titles such as 1993 Starfox game.
More recently it was behind the Harry Potter games for the PlayStation.
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