London’s largest game design company, aka the minds behind Warframe and Dark Sector and co-creators of the Unreal franchise, has been acquired by a Chinese holding company. But don’t worry, this could actually be a good thing for Digital Extremes.
According to the Warframe announcement, this isn’t a 100% takeover deal:
Multi Dynamic Games Group Inc. (a subsidiary of Sumpo Food Holdings Limited) and Perfect Online Holding Limited (a subsidiary of Perfect World Co., Ltd.) entered into an acquisition agreement with the shareholders of Digital Extremes Ltd. to acquire 61% of the entire issued share capital of the Company. Multi Dynamic Games Group Inc. and Perfect Online Holding Limited will acquire 58% and 3% respectively.
“We are thrilled with the potential to work with partners who share our philosophy on the future of gaming and how we’re approaching it,” said James Schmalz, CEO of Digital Extremes. “This partnership will further empower us to continue making Warframe bigger and better with full control over its destiny.”
Sold for $73 million, this isn’t a story of retrenchment or studio closure – this is an investment for the Chinese holding company. In fact, 30 new employees have recently been hired, bringing the total studio to 200 members. They’re even looking to hire 24 more people, and expand their office space.
Thanks to the holding company not being directly related to a variety of other games, it seems that they are simply going to help with finances and expansion into Asian markets – creative control should be rather limited. It sounds like a good deal and should hopefully help get Warframe (and other titles) a whole lot more attention in the future. As someone who is sort of falling in love with Warframe, I’m happy to see that the “space ninja” moniker is about to get even more credibility.
Last Updated: October 16, 2014