High Voltage Software— an American studio with a 27-year history, has a new owner. The developer who participated in the creation of Fortnite, Mortal Kombat and the first Injustice will soon become part of the Keywords Studios group of companies. The deal will cost $50 million.
The purchase was announced on its website Keywords Studios. The company indicated that the transaction will most likely be completed only by the end of next year. This period is necessary for her to evaluate the efficiency of High Voltage Software.
The takeover will take place in two stages:
- Keywords Studios is ready to pre-pay $23.75 million in cash and $9.75 million in its own shares;
- By December 31, 2021, the group is going to transfer about $16.5 million more in cash and shares, depending on the indicators of High Voltage Software.
According to Andrew Day, CEO of Keywords Studios, the new acquisition will help the group expand its line of game development services and strengthen its position in the industry.
Endowed with diverse talents, the HVS team is well acquainted with the Unreal Game Engine, especially thanks to the close cooperation with Epic Games during the creation of Fortnite. In addition, HVS has extensive experience working with proprietary game engines, platforms and genres. This further expands and deepens the capabilities of Keywords Studios.
CEO Keywords Studios
Recall that Keywords Studios is actively striving to become a platform of technical and creative services for global game development. To achieve this goal, the group also buys up service providers to gaming companies. The last takeover was less than a month ago, when Keywords Studios acquired marketing company g-Net Media.
High Voltage Software is a comprehensive developer of AAA titles with offices in Illinois and Louisiana. He has participated in the development of Fortnite, Saints Row, Mortal Kombat, Hunter the Reckoning, The Conduit and Injustice franchises.