EA announces it is buying Respawn Entertainment
Electronic Arts has sent out a press release announcing a new deal which involves the publisher acquiring Titanfall developer Respawn Entertainment.
According to the press release, the entire deal is worth a whopping $455 million, a sum which is divided up between $151 million in cash, $164 million in equity, and additional bonus payments which will be doled out if Respawn’s upcoming game releases meet certain Metacritic milestones. Those upcoming game releases include an as-yet-revealed Star Wars title and a third entry in the Titanfall franchise.
"While it wasn’t necessary, going with EA made a lot of sense," said Vince Zampella, CEO at Respawn in a blog post. "With Titanfall and Star Wars, EA has been a great development partner that supports us and doesn’t interfere with our process for making games or studio culture. EA will provide us with more resources, access to new technologies, and expertise that we can tap into to that will help us make better games, and Respawn will retain the same creative freedom and culture we’ve always had. We’ve been talking closely with the leadership at EA and we share their values and vision for the future of being a developer-focused company that puts the players first."
Respawn Entertainment was founded back in 2010 by a team of developers who left Call of Duty studio Infinity Ward.