Announced
Financials
Tags
games development
United Kingdom
Private
Majority
Single Bidder
Cross Border
Friendly
Private Equity
computer games
Gaming
Acquisition
Pending
Synopsis
Epic Games, an interactive entertainment company and provider of 3D engine technology, agreed to acquire Tonic Games, a company engaged in the development and publishing of multiplayer computer games, from Synova, a private equity firm. Financial terms were not disclosed. “Synova supported our ‘original IP’ strategy wholeheartedly, providing counsel and insight as we scaled. It has been a genuine and value-added partnership with them and they earned the trust that's so pivotal to a successful investor relationship," Dave Bailey, Tonic CEO & Co-Founder.
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