Daybreak Games, the studio behind PlanetSide 2, has been snapped up by EG7 for a whopping $300 million.
Daybreak Games Acquired For $300 Million Sum
The MMO developers have seen 100% of shares acquired by Enad Global 7 (EG7) on a cash and debt free basis, and includes a cash payment and newly distributed shares in EG7, which is based in Stockholm. The firm has been mainly helped out other companies with marketing, publishing and distribution, and owns Sold Out, a budget publisher, and has also brushed shoulders with the likes of Team17, Rebellion and Frontier.
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More recently, EG7 has made a dent into the IP and developer market, purchasing UK-based studio Antimatter Games in 2019 and Piranha Games just last month. With Daybreak Games, it’s snapped up a wide range of franchises, including EverQuest, H1Z1, and PlanetSide, as well the online titles for Lord of the Rings and Dungeons and Dragons.
Daybreak Games executive chairman, Jason Epstein, commented:
On behalf of the Daybreak team and all of our players, we are elated to be joining the EG7 family. The combined companies are strategically positioned to expand Daybreak’s unique and iconic portfolio of live games and will help amplify our passion for making great games for our awesome communities.
I look forward to working closely with the team at EG7 to continue to deliver incredible experiences for our players around the world.
[Source – Eurogamer]