Just Cause developer Avalanche Studios has been bought by Nordisk Film.
Nordisk Film introduced at present it’s buying full possession and shares of all three Avalanche Studios, together with the one it opened final week in Sweden.
The firm turned the minority shareholder in Avalanche final yr, when it bought over $10 million of the studio’s inventory.
The acquisition is claimed to be price €89 million ($103 million), according to GI.biz, with Avalanche Studios presently valued at €117 million ($136 million).
“This was simply the right offer, at the right time, from the right company,” Avalanche CEO, Pim Holfve instructed GI.biz.
“We have worked closely with Nordisk Film as a minority owner for the past year, which has been a great experience. As good as we are at developing explosive open-world games, they have a 111-year history of working with companies within the creative industries, and bring with them a wealth of knowledge and experience.”
Holfve went on to say Nordisk Film is “fully committed” to the studio’s street map, and the builders will be capable to preserve inventive independence.
Avalanche launched two video games in 2015, Mad Max in September adopted by Just Cause three in December. It was introduced earlier this month the corporate was working alongside id Software on Rage 2.
The submit Just Cause 3 developer Avalanche Studios acquired by Nordisk Film appeared first on VG247.