Articles for tag: acquired, Arabia, billion, branch, group, Niantic, Saudi

oriXone

Shenmue III and its rights are acquired by ININ Games

Shenmue III and its rights are acquired by ININ Games

The legendary saga sees a new future opening up ININ Games and YSNET have announced that the rights to publish the third installment of a beloved franchise, Shenmue III were transferred to ININ Games. The goal is to deepen the relationship with Yu Suzuki and his studio after the collaboration with Air Twister and thus ...

The Boss

Concord is gone, but that’s not really the headline news: PlayStation shuts down two studios it only recently acquired, reportedly leaving more than 200 employees in limbo

Concord is gone, but that’s not really the headline news: PlayStation shuts down two studios it only recently acquired, reportedly leaving more than 200 employees in limbo

Firewalk Studios’ Concord was shut down shortly after launch, and there’s been a lot of talk about whether it would have a chance to return, and more importantly what would happen to its developers. Well, we now know the answers to both questions—Concord is gone forever, and Firewalk is shut down. Sadly, it seems likely ...

oriXone

Tango Gameworks is acquired by KRAFTON. Full details here

Tango Gameworks is acquired by KRAFTON. Full details here

Last May, the world of video games surprised us with one of the worst news What to expect from Xbox. The Microsoft division suddenly announced the final theoretical closure of two studiesbeing the first Arkane Austincreators of Red fall Or Prey (2017). But the closure that struck us the most was the second, that of ...

NinFan

Tango Gameworks & Hi-Fi Rush IP acquired by Krafton

Tango Gameworks & Hi-Fi Rush IP acquired by Krafton

You may recall that a few months ago, Microsoft’s Xbox team announced that it was shutting down multiple studios. One of them was Tango Gameworks, the development studio behind Hi-Fi Rush. It was the latest in a series of unfortunate layoffs and closures that have plagued the video game industry this year. Well, we have ...

The Boss

Since Sony acquired Bungie in 2022, its CEO Pete Parsons appears to have spent more than  million on classic cars and motorcycles

Since Sony acquired Bungie in 2022, its CEO Pete Parsons appears to have spent more than $2 million on classic cars and motorcycles

Pete Parsons, CEO of the Destiny 2 developer, appears to have spent more than $2 million on classic cars and motorcycles through auction site Bring A Trailer since Bungie was acquired by Sony for $3.6 billion in February 2022. Many of the account’s purchases occurred in the months before and after Bungie’s massive layoffs. Parsons ...

The Boss

“We all dreamed of making a Star Wars game one day” How Ubisoft acquired the Star Wars license for Star Wars: Outlaws

“We all dreamed of making a Star Wars game one day” How Ubisoft acquired the Star Wars license for Star Wars: Outlaws

Star Wars Outlaws promises to be an exciting new addition to the Ubisoft and Massive catalog, but according to creative director Julian Gerighty, its existence stems from a conversation at the 2018 E3 gaming expo. The interview, which was written up by gamesindustry.biz reporter Christopher Dring, took place at a cafe near The Orpheum Theater’s ...

The Boss

‘Being acquired is a stepping stone to studio closure’ Game founder and CEO talks about the state of the industry

‘Being acquired is a stepping stone to studio closure’ Game founder and CEO talks about the state of the industry

This week’s news that Microsoft is shutting down a number of studios, including Tango Gameworks and Arkane Austin, left a particularly bad taste in almost everyone’s mind. It’s the latest development in the takeover saga – which appears to be one of the hottest things happening in the video game industry right now. Post-acquisition cuts ...