12-03-2020, 03:15 PM
EG7 pens deal to acquire EverQuest and H1Z1 dev Daybreak for $300 million
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/12/eg7-pens-deal-to-acquire-everquest-and-h1z1-dev-daybreak-for-300-million.jpg" width="200" height="200" title="" alt="" /></div><div><p><span>Daybreak Game Company, the game dev studio behind the early MMO <em>EverQuest</em> and more recent forays into online play like<em> Z1 Battle Royale</em>, is set to be acquired by Enad Global 7 (EG7).</span></p>
<p dir="ltr"><span>The deal will see EG7 scooping up 100 percent of the shares in Daybreak for a total of $300 million in both cash and EG7 shares.</span></p>
<p dir="ltr">“Daybreak Games has an incredible legacy, an impressive portfolio of game franchises and the most incredible community of players,” reads a statement from Daybreak CEO Ji Ham.</p>
<p dir="ltr">“Combined with EG7, we are better positioned to expand on those amazing IPs, grow its development teams and player communities and fund exciting future games.”</p>
<p dir="ltr">On EG7’s part, the company says the Daybreak purchase will bolster EG7’s game portfolio of games and properties while also bring strong development, operations, and strategy teams from Daybreak into the fold.</p>
<p dir="ltr">This is also the second major acquisition the company has announced this week, following yesterday’s news that it is<a href="https://www.gamasutra.com/view/news/374366/MechWarrior_developer_Piranha_Games_acquired_by_EG7_for_242_million.php"> set to acquire <em>MechWarrior</em> dev Piranha Games</a> for $24.2 million.</p>
</div>
https://www.sickgaming.net/blog/2020/12/...0-million/
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/12/eg7-pens-deal-to-acquire-everquest-and-h1z1-dev-daybreak-for-300-million.jpg" width="200" height="200" title="" alt="" /></div><div><p><span>Daybreak Game Company, the game dev studio behind the early MMO <em>EverQuest</em> and more recent forays into online play like<em> Z1 Battle Royale</em>, is set to be acquired by Enad Global 7 (EG7).</span></p>
<p dir="ltr"><span>The deal will see EG7 scooping up 100 percent of the shares in Daybreak for a total of $300 million in both cash and EG7 shares.</span></p>
<p dir="ltr">“Daybreak Games has an incredible legacy, an impressive portfolio of game franchises and the most incredible community of players,” reads a statement from Daybreak CEO Ji Ham.</p>
<p dir="ltr">“Combined with EG7, we are better positioned to expand on those amazing IPs, grow its development teams and player communities and fund exciting future games.”</p>
<p dir="ltr">On EG7’s part, the company says the Daybreak purchase will bolster EG7’s game portfolio of games and properties while also bring strong development, operations, and strategy teams from Daybreak into the fold.</p>
<p dir="ltr">This is also the second major acquisition the company has announced this week, following yesterday’s news that it is<a href="https://www.gamasutra.com/view/news/374366/MechWarrior_developer_Piranha_Games_acquired_by_EG7_for_242_million.php"> set to acquire <em>MechWarrior</em> dev Piranha Games</a> for $24.2 million.</p>
</div>
https://www.sickgaming.net/blog/2020/12/...0-million/