Despite a successfully complete a Kickstarter campaign in September 2014, the developers behind Woolfe – The Red Hood Diaries were forced to declare bankruptcy in August after running out of funds and being able to deliver the donor rewards that were promised to its backers. Now, Sniper Elite creators Rebellion Developments Ltd have announced that they have acquired the rights to the game,

“It has been a difficult time for those involved with Woolfe and for you, the backers, but today we’re writing to tell you that Woolfe is still alive, and now in the hands of a new owner, Rebellion – that’s us!” Rebellion founders Jason and Chris Kingsley wrote in an update to the game’s Kickstarter page. “We’re delighted to add Woolfe’s gorgeous, twisted universe to our burgeoning list of indie games and we hope you’ll join us for the ride.”

They explained that Rebellion had acquired both the Woolfe IP and all assets associated with it, but that does not include any actual funds from the original campaign, which is completely gone.

There does not seem to be any immediate intention for Rebellion to create a Woolfe sequel, and the developer state that it does not plan on making any updates to complete the existing game, which currently holds a “Mixed” review rating on Steam.

“Aside from developing our own IP, Rebellion occasionally acquires unique and exciting projects from other developers, and we like to think we have one of the most diverse games portfolios out there,” Jason and Chris Kingsley said. “Interestingly, our book imprints have published quite a few dark and twisted retellings of classic tales, and so Woolfe’s gorgeous, twisted take on Red Riding Hood immediately caught our interest when we heard it was up for sale.”

Regarding donor rewards, Rebellion stated that “it looks very likely we’ll be able to provide all outstanding physical add-on rewards at no further cost to backers.” These rewards include art books, stickers, game soundtracks, and more.

Image via GRIN Gamestudio | Kickstarter