Devolver to Acquire System Era

Devolver to Acquire System Era

Business

01 November 2023 14:13

Devolver Digital announced the acquisition of System Era. Devolver Digital will pay $40m for the acquisition. An initial $22m will be paid by Devolver, $20m in cash and $2m in stocks. $10m deferred consideration, and $8m in bonuses. System Era was known for the critically acclaimed Astroneer.

Devolver Digital announced "The acquisition represents a strategic opportunity for Devolver to extend its reach beyond is core strength of premium indie titles, leveraging System Era's knowledge of expandable game style development, as well as its live operations technology and existing IP."

Tags: Devolver Digital

Share:

Sources:

Report mistake Submit news

Media Archive

1 screenshot

• 

Related news

View All

Kwalee Invests in Devolver Digital

Kwalee, a UK-based games publisher and developer, has invested in Devolver Digital by acquiring equity in the company. This...

Investments

Jul 08, 2024

Unity Has Held Takeover Talks at a Reported $25 Billion

Unity is on the verge of getting sold. According to reports, a consortium including Silver Lake and Saudi Arabia’s Public...

Business

Nov 06, 2026

Sony Raises Its Games Forecast While Console Shipments Fall

Sony is making lesser consoles but selling more games. According to reports Sony's PS5 shipments came in at 2.6 million...

Business

Nov 05, 2026

Ubisoft Is Among at Least Three Bidders for Arkane Lyon

According to reports, Ubisoft has made an offer for the Dishonored and Deathloop studio, alongside at least two other companies...

Business

Nov 04, 2026

Helen Chiang Disputes the Account of Her Xbox Departure

XBOX COO defends herself. Sharma announced the exit in a memo on 23 October, thanking Chiang for her service without...

Business

Nov 03, 2026