Service provider PTW has acquired co-development studio Ghostpunch Games for $13 million. Deborah Kirkham, CEO of PTW, said the deal will allow the company to “deliver exceptional development services” to its global partners. “Ghostpunch is a highly respected development partner for numerous top AAA studios, with an impressive retention rate of over 90 percent,” added … Read more
Third-party development partner Virtuos has made an acquisition in Third type studiesStaff are said to be unaffected by the change, which is said to help “strengthen Virtuos’ AAA co-development capabilities.” Founded in 2016, Third Kind has co-developed several AAA games over the past few years. Many of these come from Xbox (such as the new … Read more
Game services provider Keywords has acquired Wushu Studios to strengthen its production capabilities. Based in Liverpool, Wushu was founded in 2017 to create original franchises, but eventually transitioned to a commission-based model. The company has worked on a number of high profile projects including Autumn boys, State of decay, Forza Horizon 5AND Baldur's Gate 3Keywords … Read more
PUBG maker Krafton has acquired Race for high fidelity developer Tango Gameworks of Microsoft. The move brought the Japanese studio back from the brink, with Microsoft having recently announced closure plan THE Ghostwire: Tokyo AND The evil inside developer. Krafton said the deal marks its first significant investment in the Japanese video game market and … Read more
Amber Studio, an agency specializing in game development, has acquired Colombian developer Madbricks for an undisclosed amount. Both companies have worked together in the past, which laid the groundwork for this acquisition. It also marks the beginning of the agency’s push to “expand its global workforce” by bringing in third-party studios from “emerging markets.” CEO … Read more