Company Acquisition
Ongoing coverage on Company Acquisition.
Latest coverage
Rare added to the list of Xbox studios under threat
Rumors suggest that Microsoft is planning significant layoffs across several Xbox studios, including Rare, Bethesda, and Arkane, with some studios potentially facing closure or sale. This follows recent layoffs at Bungie and Microsoft pulling out of a partnership with IO Interactive. The reported motivation behind these potential cuts is a focus on profitability by new Microsoft management.
Sega Europe vet Post steps down as West Studios COO, Rovio's Pelletier-Normand taking his place
Jurgen Post is stepping down as COO of Sega Europe's West Studios and will be replaced by Rovio's CEO, Alex Pelletier-Normand, who will hold both positions. Post will remain with Sega Europe in an advisory capacity, while Tatsuyuki Miyazaki takes over his regional managing director responsibilities. This transition follows Sega's acquisition of Rovio in 2023.
GameStop CEO trying to buy eBay briefly banned on eBay, but that's not stopping him from attempting to sell garbage…
GameStop CEO Ryan Cohen's temporary suspension from eBay, where he was selling items to fund a $56 billion bid to buy the company, has drawn further scrutiny. The items listed on his eBay account, including retro games, have raised questions about their origin, with former Game Informer employees suggesting some may have come from the magazine's former offices.
‘EVE continues’: EVE Online’s CCP Games rebrands as Fenris Creations, partners with Google DeepMind
CCP Games, the developer behind EVE Online, has been sold by Pearl Abyss back to its own executive management and rebranded as Fenris Creations. The company also announced a new research partnership with Google DeepMind focused on artificial intelligence in complex game systems. Despite the ownership change and rebrand, CCP Games stated that its leadership, creative direction, and development plans for EVE Online and its related projects remain unchanged.
Pearl Abyss to sell EVE Online studio CCP Games back to its management for 177.132bn Korean won
Pearl Abyss is selling EVE Online's developer, CCP Games, back to its management for 177.132 billion Korean won. CCP Games CEO Hilmar Petursson will lead the management group regaining ownership of the Icelandic studio.
Wuchang: Fallen Feathers IP Rights Acquired by Digital Bros for €4 Million
Digital Bros, parent company of 505 Games, has acquired the intellectual property rights for Wuchang: Fallen Feathers from Leenzee for €4 million. This acquisition follows turmoil surrounding the game's development team and the alleged firing of its director/producer, Xia Siyuan. Digital Bros highlighted the first game's success, having sold over one million units and generated more than €30 million in revenue.
Star Wars: Eclipse Development Isn’t Going Well
Reports indicate that development on Quantic Dream's Star Wars: Eclipse is progressing very slowly, with minimal advancements made over several months. Amidst financial uncertainties, there is speculation that NetEase, the parent company, might consider selling Quantic Dream, as the game's production timeline remains unclear and revenue from other projects is crucial for its development.
