MechWarrior Developer Acquired by Enad Global 7 | Game Rant
Piranha Games might not be a household name, but for MechWarrior fans it is notable. Piranha is best known for its recent two releases, MechWarrior Online and MechWarrior 5: Mercenaries. It seems another party has had its eyes on Piranha, too, as it has now confirmed that Piranha Games has been acquired Swedish organization Enad Global 7. Piranha will continue to develop games as an independent studio even after the acquisition concludes.
The acquisition is reported to have cost Enad Global 7 around $24.1 million, two-thirds in cash and the last third in shares, according to GamesIndustry.biz. Piranha Games also has new profitability targets which could reward as much as $48.6 million in cash and shares if the goals are reached by 2025. In other words, Enad Global 7 is putting a lot of money on the line to encourage Piranha to continue releasing successful projects going forward.
Whatever Piranha is working on remains unclear, however. The studio released MechWarrior 5 in 2019 and plans to release it on other platforms in 2021, including box One and Xbox Series X as well as other PC storefronts. Further DLC for MechWarrior 5 could be in the works, though Piranha may instead be focusing on a sequel or a new project entirely.
Enad Global 7 was formed in early 2020 by Toadman Interactive (now called Toadman Studios) as a group holding all of the company's subsidiaries. These included Toadman Studios, Antimatter Games, Petrol Advertising, and Sold Out Publishing. Since then, Enad Global 7 has also acquired Big Blue Bubble in addition to Piranha Games, both of which are based in Canada. At this rate, Enad Global 7 may become a much more widely-recognized name in the gaming industry in a relatively short time. Pirahna Games may just be the beginning.
Sources: GamesIndustry.biz, Enad Global 7
Reviewed by Unknown
on
November 29, 2020
Rating:
Post a Comment