{"id":121206,"date":"2020-11-26T14:40:00","date_gmt":"2020-11-26T14:40:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/374366"},"modified":"2020-11-26T14:40:00","modified_gmt":"2020-11-26T14:40:00","slug":"mechwarrior-developer-piranha-games-acquired-by-eg7-for-24-2-million","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/11\/26\/mechwarrior-developer-piranha-games-acquired-by-eg7-for-24-2-million\/","title":{"rendered":"MechWarrior developer Piranha Games acquired by EG7 for $24.2 million"},"content":{"rendered":"<p><em>MechWarrior <\/em>developer Piranha Games has been acquired by Enad Global 7 (EG7) for an initial SEK 207 million ($24.2 million).&nbsp;<\/p>\n<p>The deal will see EG7 hand over SEK 138.9 million ($16.2 million) in cash and SEK 68.9 million ($8 million)&nbsp;in newly issued shares. An earn-out consideration could also result in the company paying out an extra CAD 63.4 million ($63.4 million)&nbsp;if Piranha meets certain financial performance targets.&nbsp;<\/p>\n<p>For those unfamiliar with either name, EG7 is a Swedish video game cooprative&nbsp;that develops, markets, publishes, and distributes PC, console, and mobile titles around the world. It&#8217;s the parent company of publisher and distributor Sold Out, and also owns a number of studios including Antimatter Games and Toadman Studios.&nbsp;<\/p>\n<p>Piranha, meanwhile, is based in Canada and is the developer behind <em>MechWarrior Online <\/em>and <em>MechWarrior 5: Mercenaries<\/em>. It has previously worked on other franchises including <em>Medal of Honor<\/em> and <em>Need for Speed<\/em>, creating handheld entries for both series for the PSP.&nbsp;<\/p>\n<p>EG7&nbsp;explained that Piranha will continue to operate as an independent studio moving forward, and will &#8220;significantly strengthen&#8221; its development capacity in Canada.&nbsp;The company added that it will&nbsp;collaborate with Piranha on &#8220;future joint projects&#8221; that combine the studio&#8217;s knowledge of PC and console game development with its own publishing and marketing expertise. It also views the<em> MechWarrior<\/em> franchise as a key asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MechWarrior developer Piranha Games has been acquired by Enad Global 7 (EG7) for an initial SEK 207 million ($24.2 million).&nbsp; The deal will see EG7 hand over SEK 138.9 million ($16.2 million) in cash and SEK 68.9 million ($8 million)&nbsp;in newly issued shares. An earn-out consideration could also result in the company paying out an [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":121207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-121206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/121206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=121206"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/121206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/121207"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=121206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=121206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=121206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}