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.
EGamers.io
- Entities
- EVE Online
- Management Buyout
- Hilmar Veigar Pétursson
- Pearl Abyss
- EVE Frontier
- Crimson Desert
- EVE Vanguard
- CCP Games
- Cryptocurrency
- Game Development
Original source
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