EA just announced that it is acquiring Respawn Entertainment.
The deal will have EA pay 151 million dollars in cash with 164 million dollars in long term equity through restricted stock units vested over four years. There may be an additional cash consideration for performance milestones and it is limited to 140 million dollars. Andrew Wilson, CEO of EA, commented:
“We’ve seen firsthand the world-class caliber of Respawn as a development studio with incredible vision, deep talent and an inspiring creative mindset. 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.”
Vince Zampella, CEO of Respawn Entertainment also commented:
“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.”
This news come fresh from the news of Visceral being shuttered.
Titanfall 2 is available on PlayStation 4, Xbox One, and PC. Read our review here.
Source: God is Geek