EA confirmed via a press release on Thursday that it had acquired the video game studio Respawn Entertainment. The studio, co-founded by former Infinity Ward chiefs and Call of Duty co-creators in the wake of their departure from Activision, has been bought out in a deal whose total value could reach $455 million.
The news by itself may seem odd, considering that EA shut down one of its other wholly owned studios, Visceral Games, only three weeks ago. A report from Kotaku sheds light on why EA made the move: as a response to another game publisher, Korea’s Nexon, making a formal bid to buy Respawn outright. Nexon currently publishes a mobile spinoff of Respawn’s Titanfall shooter series. Kotaku, citing sources close to the matter, claims that Nexon had bid over $400 million to buy the company outright. EA exercised its contractual right to match the offer, Kotaku says, and it ultimately outbid Nexon.
Respawn Entertainment closure announcement in 3…2…1…