One of the world’s leading game publishers, Electronic Arts (EA) have now purchased the developers behind the Titanfall franchise, Respawn Entertainment. EA announced the acquisition in a press release on Thursday night, also stating that the net worth of the deal is around $455 million when including cash, equity and performance milestone payments.
According to Kotaku, mobile developer Nexon also made a bid to purchase Respawn but the bid was then matched by EA. Nexon is notable since they have developed a recent mobile game under the Titanfall IP. Respawn will have the opportunity to earn bonuses for their future titles based upon scores from sites such as Metacritic. The press release directly mentions a future for the Titanfall franchise, likely the unannounced Titanfall 3 as well as a upcoming Star Wars project and VR title from Respawn.
Andrew Wilson, EA’s CEO had this to say on the acquisition:
“We’ve seen firsthand the world-class caliber of Respawn as a development studio with incredible vision, deep talent and an inspiring creative mindset. 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. Together, we’ve brought this to life in the Titanfall franchise, and now with the Respawn team joining EA, we have exciting plans to accomplish even more amazing things in the future.”
Vince Zampella, founder and CEO of Respawn Entertainment also released a statement.
“We started Respawn with the goal to create a studio with some of the best talent in the industry, and to be a top developer of innovative games. We felt that now was the time to join an industry leader that brings the resources and support we need for long term success, while still keeping our culture and creative freedom. EA has been a great partner over the years with Titanfall and Titanfall 2, and we’re excited to combine our strengths. This is a great next step for Respawn, EA, and our players. EA will provide us with more resources, access to new technologies, and expertise that we can tap into to that will help us make better games, and Respawn will retain the same creative freedom and culture we’ve always had.”
Zampella, formerly of Infinity Ward, also added that no layoffs, organizational changes or development interruptions will occur due to the buy-out.
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