Electronic Arts completes acquisition of Respawn early
In November, Electronic Arts (EA) announced that it was buying Titanfall developer Respawn. Originally, it expected the deal to close by the end of this calendar year, but a recent filing shows that it came in ahead of schedule, and was completed by December 1. Respawn has a long history of working with EA, and was set up in 2010 by Call of Duty developers Vince Zampella and Jason West. Both parties are hoping that the merger will give Respawn’s wildly popular stable of creative properties access to new technologies and more players.
EA’s share price has appreciated by 30% so far in 2017
SOURCE: Yahoo Finance
Zampella, Respawn’s CEO, discussed the deal on the company’s website, saying: "While it wasn't necessary, going with EA made a lot of sense. With Titanfall and Star Wars, EA has been a great development partner that supports us and doesn't interfere with our process for making games or studio culture.
"EA will provide us with more resources, access to new technologies, and expertise that we can tap into to that will help us make better games, and Respawn will retain the same creative freedom and culture we've always had. We've been talking closely with the leadership at EA and we share their values and vision for the future of being a developer-focused company that puts the players first."
Respawn has some seriously big titles in the works. They include a follow up to smash hit Titanfall (creatively named Titanfall 2), a third person Star Wars title (well timed, as Disney’s The Last Jedi is currently making that hot property hotter), and a virtual reality title that we currently have no insight into.
Dominion holds Electronic Arts in its Global Trends Ecommerce Fund.
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