EVE Online developer CCP Games acquired for $425 million

Black Desert Online and EVE Online developer acquired for $425 million, with Pearl Abyss now owning CCP Games.

Published Thu, Sep 6 2018 9:34 PM CDT   |   Updated Tue, Nov 3 2020 11:50 AM CST

EVE Online developer has been acquired by Pearl Abyss for a hefty $425 million, with the South Korean games studio securing CCP Games for close to half a billion dollars. Pearl Abyss secured all IP that CCP owns, something that includes EVE Online and other MMOs with millions of players.

EVE Online developer CCP Games acquired for $425 million | TweakTown.com

CCP will operate independently post-acquisition, keeping its 250 employees at its various studios based in London and Shanghai, as well as its home studio in Reykjavik, Iceland. The $425 million deal will include cash and a bonus earnout if "certain financial targets are met", reports GamesIndustry. Pearl Abyss not only secures EVE Online, but CCP has seen success in its other MMO game: Black Desert Online, which is home to a huge 9.5 million players.

CCP Games CEO Hilmar Veigar Petursson said: "I have been seriously impressed with what Pearl Abyss has achieved ever since I first visited their website for Black Desert Online and subsequently became an avid player of the game. Pearl Abyss is a fast-growing company with lots to offer in terms of technology, capability and vision. I believe our two companies have a lot to learn from each other. We are very excited to join forces with them and achieve great new heights for our companies, our games and - above all - our players".

Pearl Abyss CEO said: "We are thrilled to have CCP Games join our team as Black Desert Online continues to branch out globally. CCP is a seasoned publisher with over 15 years of digital distribution experience and know-how. They have done an incredible job of engaging and maintaining their playerbase, which we aim to learn from and integrate natively into Pearl Abyss' general practices across all our games. I am confident CCP's reputable IP and expertise in global publishing will help reaffirm our company's dedication to developing and servicing the world's best MMORPGs".

NEWS SOURCE:gamesindustry.biz

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Buyer Guides
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles