BBC News is reporting today that former Argonaut CEO Jez San has bought back two of its former studios, Cambridge-based Just Add Monsters studios and the London subsidiary, Morpheme.
Last week, Argonaut went belly up after various contracts did not materialize and other franchises did not perform as well as expected.
Jez San started Argonaut in 1982, and it produced various hit titles such as '93's Starfox and most recently was responsible for Powerdrome, Malice, I-Ninja.
Earlier this month Jez Sans resigned as CEO and was forced to lay off more than 100 employees, but has now saved 40 of those by buying back most of his former company, except the Edgware affiliate, for which adminstrators are hoping to find a buyer soon.