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.
- Entities
- Game: EVE Online
- Topic: Management Buyout
- Person: Hilmar Veigar Pétursson
- Company: Pearl Abyss
- Game: EVE Frontier
- Game: Crimson Desert
- Game: EVE Vanguard
- Company: CCP Games
- Topic: Cryptocurrency
- Topic: Game Development
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