M&A and Investment

All news and articles about the financial side of the games industry. Private funding, public placements, VC investments, and M&A deals.

Hakan Abrak, CEO of IO Interactive, revealed that the studio's latest release, 007 First Light, is nearing the three-million mark in sales. Although it hasn't yet recuperated its budget, the financial target is significantly lower than the previously reported $200 million. Discussions are currently underway regarding future collaborations with Bond license owner Amazon beyond the game's initial year of content.
Korean game developer Pearl Abyss, known for the popular MMO Crimson Desert, has offloaded Eve Online developer CCP Games back to its CEO, Hilmar Veigar Pétursson. The transaction is valued at $100 million in cash along with $20 million in "token acquisition rights." This move comes eight years after Pearl Abyss acquired CCP Games for $225 million in cash and an additional $200 million tied to performance incentives, as reported by Digital Today, a Korean news source.
Recently, the portal Insider Gaming found out that about 50 specialists from the Assassin's Creed Hexe team were removed from the game's development. They were reportedly given three months to find positions in other Ubisoft teams, or else they would be laid off. Company representatives commented on this matter in a statement to IGN