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.