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CCP Games Secures $120 Million for Independent Management Buyout
CCP Games has achieved independent management status after CEO Hilmar Veigar Pétursson led a $120 million buyout from Pearl Abyss, funded by $100 million in cash and $20 million in EVE Frontier tokens. This move follows significant financial losses for CCP Games under Pearl Abyss's ownership, prompting a strategic divestment by the latter to focus on other projects like Crimson Desert.
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