Playstack who published the likes of Balatro, Abiotic Factor and VOID/BREAKER are about to be sold off to the Integrated Media Company group. The deal notes they will be under VantageCo Limited, which is a subsidiary of the Integrated Media Company for a deal of £112.4 million (around 151.47 USD).
For those unfamiliar with Integrated Media Company (IMC) they own the likes of: Fandom, Curse, Screen Junkies, Fanatical, Gamespot, TV Guide and more across a few other industries.
The news was actually announced on May 21st via Playstack owner TruFin's investors page, and confirmed on Playstack's official website on May 22nd as noticed by Game Developer. Harvey Elliott, founder and CEO of Playstack, said in the announcement:
"I’m excited to share that Playstack is entering its next chapter with a new investment partner. In practical terms, this is a change in ownership rather than a change in who we are. Our team, our strategy, and our commitment to publishing premium indie games remain exactly the same.
For now, it’s business as usual.
I sincerely thank TruFin for being an invaluable partner over the past seven years, helping us reach this exciting next step.
I’m looking forward to sharing more about the future with you all soon."
The deal is not actually done yet though. They need Shareholder approval, and their Board are suggesting that they do approve it. A meeting will be held June 8th to seek the needed approval.
Hopefully it works out okay for the staff at Playstack and for the teams behind the games they publish. It does mean more game industry consolidation though, which doesn't often work out particularly well.
Article taken from GamingOnLinux.com.
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Johnologue a day ago
Another damn acquisition to ruin something.
...this is a change in ownership rather than a change in who we are.Yes, but a change in ownership means that someone else now has the authority to change who you are. This step is not the only part where change can happen.
PlayingOnLinuxphone a day ago
ottergauze a day ago
ElectricPrism 1 hour ago
May 01, 2019It's in a corporation's interests to be dishonest and lie to you.
Psyonix [Rocket League] is Joining the Epic Family!
"No, really. What does this mean for Rocket League?
In the short term, nothing will change at all! We’re still committed to providing Rocket League with frequent updates that have new features, new content, and new ways to play the game for as long as you’ll have us."
"What happens to the Psyonix team?
We are the same team that we’ve always been, only now, we have the power and experience of Epic Games behind us!"
Now that the Linux Gaming community seems like it's getting older, it seems like they are not bamboozled as much.
I remember going solo in opposition to the "Microsoft <3 Linux" campaign reciting 30 years of Microsoft EEE history.
I don't know the particulars around this acquisition, but it feels pointless and scummy to even make a declaration "this is a change in ownership rather than a change in who we are"
This is probably another case of confession through projection, and we know Corpo speak is the inverse of what is stated.
RIP Rocket Leage.
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