It looks like the creator of Titanfall, Respawn Entertainment will join EA in a $151 million cash deal. According to Respawn CEO Vince Zampella, the move to EA wasn’t done out of necessity. Rather, the move was to gain access to EA’s resources, and technologies Respawn doesn’t currently have access to. It’s a move Zampella is excited about.
“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.”
Of course, the folks at Respawn Entertainment aren’t the only ones excited about the acquisition.
“We’ve seen firsthand the world-class caliber of Respawn as a development studio with incredible vision, deep talent and an inspiring creative mindset,” Andrew Wilson, CEO of Electronic Arts said. “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.”
Respawn Entertainment didn’t just go for the $151 million, though. There’s also $164 million in long-term equity up for grabs. In an open letter on the Respawn blog, Zambella informed everyone that game development won’t be hindered by the acquisition and no layoffs are slated. Respawn will also be able to explore new IPs unhindered, though Zambella will join the studio leadership team over at EA. Respawn will continue developing Titanfall and a currently in development Star Wars game, too.
The deal will close before the end of the 2017 calendar year and isn’t expected to hinder EA’s fiscal outcome in 2018 or 2019. For the full press release, hit the source link below. What are your thoughts on the EA acquisition of Repawn Entertainment? Let us know in the comments below or on Google+, Twitter, or Facebook.[button link=”http://ir.ea.com/releasedetail.cfm?ReleaseID=1048192″ icon=”fa-external-link” side=”left” target=”blank” color=”285b5e” textcolor=”ffffff”]Source: EA Press Release[/button][button link=”http://www.respawn.com/combine” icon=”fa-external-link” side=”left” target=”blank” color=”285b5e” textcolor=”ffffff”]Source: Respawn[/button]
Last Updated on November 13, 2017.