Sea, a global consumer internet company, through its digital entertainment arm, Garena, agreed to acquire Phoenix Labs, an independent games development company and the studio behind the popular cross-platform co-op action RPG, Dauntless. Financial terms were not disclosed. The teams intend to work together to continue building Phoenix Labs’ world-class development team, supporting the growth of Dauntless, and exploring new opportunities in global markets and on mobile. "Our partners at Garena have been our most steadfast supporters since the early days of Phoenix Labs, and we are excited to join forces with a global games leader. With this next step, we’re able to ensure that we can provide the best possible experience for Dauntless players around the world. We’re extremely excited about what the future holds for Phoenix Labs, as we continue to support our ever-growing Dauntless community and explore future games," Jesse Houston, Phoenix Labs CEO and co-founder.