Search: studio acquisition

Former Destiny 2 CM claims Bungie was 'very close to shutting its doors' before the buyout

… Many have placed blame on Sony for pulling the plug on Bungie's genre-defining looter shooter following its $3.6 billion acquisition of the studio in 2022. …

Jun 12, 2026 · Rory Norris

3 years after a $2 billion implosion, studio closures, and cancellations, Embracer's new CEO hopes 'trust is improving'

Embracer CEO Phil Rogers didn't win himself many new fans when he said a few years ago that the company's slash-and-burn restructuring, the result of years of hand-over-fist acquisitions that, whoops , it couldn't really afford, was " how we win ." This was when Rogers was still Embracer's interim … …

Jun 2, 2026 · Andy Chalk

Protesters 'raid' EA to oppose Saudi Arabia acquisition

… In 2025, Trump interfered in Netflix's planned acquisition of Warner Bros. …

May 12, 2026 · Andy Chalk

The grim industry summer continues as EA lays off staff ahead of $55 billion sale to Saudi Arabia, likely to soothe the sting of its $20 billion debt

… Cancelling the Black Panther game in May, closing the studio making it. …

Jun 23, 2026 · Harvey Randall

It's not layoffs, but you can see them from here: Numerous Compulsion Games employees are looking for new jobs

… Along with Compulsion , reports earlier this month claimed that Double Fine, Ninja Theory , and "several other studios" were at risk of closure as part of an " Xbox Reset " being shepherded by CEO Asha Sharma and CCO Matt Booty; the pair said in an open letter published earlier this month that Micr… …

Jun 25, 2026 · Andy Chalk

After a 'corporate mandate' demanded they help with Call of Duty, Toys for Bob studio head says it took 'many mini miracles' to buy their independence from Activision

… And we were getting away from the types of games that we love to make and we're best known for doing." The layoffs crystalised the studio's desire to go independent, though Yan is far more diplomatic about it: "Right around 2023, around that time period, Microsoft was in the position of acquiring A… …

Jun 10, 2026 · Harvey Randall

One of the biggest VR developers in the business closes a studio: 'The VR market remains a challenging space'

VR development studio Vertigo Games, whose games include Arizona Sunshine VR, The 7th Guest VR, Thief VR: Legacy of Shadow, and Metro Awakening is closing its studio in Amsterdam. …

Jun 8, 2026 · Andy Chalk

Sony records a wince-worthy $766 million impairment loss against Bungie

… That is to say, if I own a videogame studio and record its value at $50 million, but someone reveals the Videogame-Bot 5000, which can develop games in a quarter of the time, my studio would suffer an impairment loss—that change in the conditions of the market and production would mean my $50 milli… …

May 8, 2026 · Joshua Wolens

Subnautica 2's botched bonus deal is about to wipe out more than one-third of Krafton's $736 million annual profit for 2025

… Krafton initially claimed the studio's leaders were trying to rush the game out before it was ready in order to cash in, and then shifted gears to claim they'd "abandoned" their jobs and absconded with confidential company data. …

May 28, 2026 · Andy Chalk

'We have a great relationship with IO Interactive,' Amazon says, but it won't commit to bringing the studio back for future Bond games

… All those things." So far, IO Interactive hasn't commented on the situation—I've reached out to the studio to ask how it feels about the whole thing, and will update if I receive a reply. …

Jun 4, 2026 · Andy Chalk

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