EA Acquires Respawn Entertainment For (Up To) $455 Million
12 November, 2017, 01:51 | Author: Devin Moran
Titanfall developer Respawn Entertainment is now an EA studio: Electronic Artsannounced today that it has reached an agreement to acquire the company for $315 million, plus "additional variable cash consideration that is contingent upon achievement of certain performance milestones, relating to the development of future titles, through the end of calendar 2022", that could add up to another $140 million. For $151 million, plus more in long-term equity, Respawn Entertainment is now officially under EA's banner.
Early previous year, EA announced that it had contracted Respawn to make a Star Wars action game, in addition to the Battlefront series and what was then planned as a Star Wars action-adventure from Visceral, which has since been canceled.
"Our longtime partnership is grounded in a shared desire to push the boundaries and deliver extraordinary and innovative new experiences for players around the world", EA CEO Andrew Wilson said in a statement. Now, Respawn Entertainment will be working more closely with EA, as they have been bought by the company. A cynical view of the acquisition would be that EA is a place where game studios go to die. Given the reported commercial underperformance of Titanfall 2 a year ago, despite widespread critical success, the buyout may have been necessary to ensure the continued survival of the studio. In a blog post concerning the deal on the Respawn website, Zampella says that the studio is joining EA to better compete in the future with access to more resources, new technologies, and more. The video game developer - created by former Infinity Ward executives and Call of Duty creators Jason West and Vince Zampella - burst onto the scene in 2014 with their Xbox exclusive shooter game, Titanfall. There will be no layoffs or major organization changes within Respawn. Respawn is a bit of a titan itself in the game development arena, and here is hoping it does not fall.
The acquisition of Respawn could set EA back in excess of $400 million.
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