PlanetSide developer Daybreak has been bought for $300m.
Enad Global 7 (EG7) agreed to buy 100 per cent of the shares in San Diego MMO specialist Daybreak Game Company for $300m, on a cash and debt free basis. The deal consists of a cash payment and newly issued shares in EG7.
EG7 is a Stockholm-based company that has so far focused on helping other game companies with marketing, publishing and distribution. It owns the budget publisher Sold Out and has worked with the likes of Team17, Rebellion and Frontier.