The parent company of the creators of Free Fire continues to get rid of foreign business. According to Bloomberg, she is discussing with consultants the sale of the Phoenix Labs studio, known for the Dauntless action.
It is unknown how much Sea is going to sell Phoenix Labs for. According to Bloomberg sources, there are no guarantees yet that the Singapore company will sell it for more than $150 million. The studio was estimated at this amount after its sale to Sea in 2020.
Note: since October 2021, the market value of Sea has fallen by $ 160 billion. Last September, the company announced that it was starting to cut costs. Since then, she has managed to freeze salary increases for a number of employees and close the Shopee platform in Poland.