Electronics

EA will acquire Titanfall developer Respawn for over $400 million

EA will acquire Titanfall developer Respawn for over $400 million

The studio is now at work on a new Titanfall game (a fact that was confirmed today), a third-person Star Wars title, and a VR game.

EA will pay $151M in cash and up to $164M in long-term equity via restricted stock, along with some variable cash consideration (limited to another $140M) tied to performance milestones through the end of 2022.

Early previous year, EA announced that it had contracted Respawn to make a Star Wars action game, in addition to the Battlefront series and what was then planned as a Star Wars action-adventure from Visceral, which has since been canceled. The two former Infinity Ward heads were infamously fired and sued by Activision in 2010 before forming Respawn Entertainment. EA had 30 days to match Nexon's offer which they ultimately did and the staff at Respawn were notified of the acquisition in a meeting earlier today.

Respawn CEO Vince Zameplla told GamesBeat in an interview, "We have worked together a long time from the inception of the studio".

Titanfall 2 is one of the most critically-acclaimed first-person shooters in recent years, though its sales suffered as a result of its release coinciding with Battlefield 1.

Nvidia is rising after crushing earnings (NVDA)
TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the 2nd quarter worth approximately $116,000. Evercore Wealth Management LLC boosted its position in shares of NVIDIA Corporation by 36.9% in the second quarter.

Whatever it is, we'll likely hear more about it soon with EA taking charge of Respawn.

Zampella has also stated there will be no layoffs or major organisational changes as part of the merger. "For fans, my message is we are still Respawn and we are going to make things better", said Zampella.

"We've seen firsthand the world-class caliber of Respawn as a development studio with incredible vision, deep talent and an inspiring creative mindset", said Andrew Wilson, CEO of Electronic Arts, in a release.

Accompanying this news is the revelation that Respawn seems to already be at work on three different projects for EA. The only real certainty is that studios that are seen to be under performing normally get moved to a nice farm in the country without too much ceremony.


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