In a recent deal worth £350 million, Electronic Arts has acquired Respawn Entertainment. The latest news comes via an official announcement via EA. The deal will see Respawn receiving £115 million in cash, £125 million in equity and up to £107 million depending on the future performance of the studio.
This news comes after EA closed Visceral Games less than a month earlier. Andrew Wilson, CEO at EA said, “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, Respawn Entertainment chief added, “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.”
At the moment, it’s unclear how the acquisition will profit Electronic Arts in the long run. However, given the history of the company, fans are little bit concerned about highly popular Titanfall franchise. For instance, EA is known for closing down studios shortly after acquisitions which can be traced back to its first acquisition of Batteries in 1987. Despite that, with successful title like Titanfall in their realm, Respawn Might not face similar fate.
Image: Flickr/Hector Alejandro