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Announced

Improbable acquired US-based games studio Midwinter Entertainment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Pending

Gaming

Friendly

Acquisition

game developer

Private

Single Bidder

Synopsis

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Games technology company Improbable acquired US-based games studio Midwinter Entertainment, the developers of the upcoming online action-shooter ‘Scavengers’. Financial terms were not disclosed. “I’ve been hugely excited by Midwinter and Scavengers since the first time I talked to Josh. The game development talent at our studios is world-class and is showing us the way when it comes to using SpatialOS to build and iterate on game worlds quickly to introduce groundbreaking games to market. We are very excited by Scavengers and its potential - but also equally thrilled to see how Josh and his team work alongside our global game studios to build solutions and features that help transform the experience of game development for our customers in the future.” Herman Narula, CEO and co-founder of Improbable.

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