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Titanfall 2 developer Respawn Entertainment is officially part of Electronic Arts, as the publisher recently concluded its acquisition of the studio.

EA announced the deal’s closure on December 1st with this statement on its official website:

“On November 9, 2017 we announced an agreement to acquire Respawn Entertainment, LLC, one of the leading independent game development studio and creators of AAA shooter and action games including the critically-acclaimed Titanfall™ franchise. Today, December 1, 2017, we have completed the acquisition of Respawn on the terms previously disclosed.”

The “terms previously disclosed” were detailed in early November in an investors report, at the same time the acquisition was announced to the public. The buyout involved a potential total sum of $455 million, with $151 million offered upfront in cash, $164 million in long-term equity via restricted stock units, and $140 million to be awarded as the developer reaches “certain performance milestones.”

Reminded of EA’s acquisition and subsequent closure of development studio Visceral Games—in addition to many others—fans have been concerned about the fate of Respawn Entertainment under EA’s roof. This concerned party does not include Respawn co-founder and CEO Vince Zampella, however, who expressed in a recent interview his optimism in working more closely with EA.

Source: Twinfinite

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About Nick Plessas

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Nick didn’t start gaming until mid-2006. Once his parents finally allowed a console into the house, it was all uphill from there. Starting out with a PS2, he grew an affinity for Sony consoles and moved on to the PS3, and now the PS4. He keeps his gaming palette wide, but, gun to his head, he’d have to say shooters are his genre of choice. Find him on Twitter @idole808

Respawn Entertainment is now officially a part of EA

EA has sealed the deal with Respawn, for better or for worse.

By Nick Plessas | 12/6/2017 05:00 PM PT

News

Titanfall 2 developer Respawn Entertainment is officially part of Electronic Arts, as the publisher recently concluded its acquisition of the studio.

EA announced the deal’s closure on December 1st with this statement on its official website:

“On November 9, 2017 we announced an agreement to acquire Respawn Entertainment, LLC, one of the leading independent game development studio and creators of AAA shooter and action games including the critically-acclaimed Titanfall™ franchise. Today, December 1, 2017, we have completed the acquisition of Respawn on the terms previously disclosed.”

The “terms previously disclosed” were detailed in early November in an investors report, at the same time the acquisition was announced to the public. The buyout involved a potential total sum of $455 million, with $151 million offered upfront in cash, $164 million in long-term equity via restricted stock units, and $140 million to be awarded as the developer reaches “certain performance milestones.”

Reminded of EA’s acquisition and subsequent closure of development studio Visceral Games—in addition to many others—fans have been concerned about the fate of Respawn Entertainment under EA’s roof. This concerned party does not include Respawn co-founder and CEO Vince Zampella, however, who expressed in a recent interview his optimism in working more closely with EA.

Source: Twinfinite

0   POINTS
0   POINTS



About Nick Plessas

view all posts

Nick didn’t start gaming until mid-2006. Once his parents finally allowed a console into the house, it was all uphill from there. Starting out with a PS2, he grew an affinity for Sony consoles and moved on to the PS3, and now the PS4. He keeps his gaming palette wide, but, gun to his head, he’d have to say shooters are his genre of choice. Find him on Twitter @idole808