Deal expected to close by the end of 2020.
Enad Global 7 will acquire PlanetSide, H1Z1, DC Universe Online, and EverQuest developer Daybreak Game Company in a $300 million deal expected to close no later than December 31, the group announced.
Enad Global 7 is a group of companies that develops, markets, publishes, and distributes video games. It consists of game development divisions Toadman Studios, Big Blue Bubble, and Antimatter Games, publishing division Sold Out, and marketing division Petrol Advertising. It also recently acquired MechWarrior series developer Piranha Games.
Daybreak Games Company consists of four studios: Darkpaw Games (EverQuest series), Dimensional Ink (DC Universe Online), Rogue Planet Games (PlaneSide series), and Cold Iron Studios (new console and PC shooter based on the Alien franchise). Within the Enad Global 7 Group, Daybreak Game Company will “further strengthen and broaden the Enad Global 7 portfolio of engaging games and IPs, in addition to bringing in several strong teams both on development, operations and strategy.”
Find comments from each party below.
Robin Flodin, Enad Global 7 CEO and Co-Founder
“We are thrilled to be welcoming Daybreak into the Enad Global 7 family today. Daybreak is a company that I have the utmost admiration for, not only for their games but the teams behind those games and services. Together we have bold and exciting plans for the future and I look forward to making those dreams a reality for gamers all over the world.”
Jason Epstein, Daybreak Game Company Executive Chairman
“On behalf of the Daybreak team and all of our players, we are elated to be joining the Enad Global 7 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 Enad Global 7 to continue to deliver incredible experiences for our players around the world.”
Ji Ham, Daybreak Game Company CEO
“Daybreak Games has an incredible legacy, an impressive portfolio of game franchises and the most incredible community of players combined with Enad Global 7, we are better positioned to expand on those amazing IPs, grow its development teams and player communities and fund exciting future games.”
Source: gemastu
