Bigben Interactive acquires Cyanide Studio
Company purchases the development team and its IPs
Bigben Interactive has announced the signing of an agreement for the acquisition of Cyanide, a French studio developing video games.
The purchase price has been set at 20M € for 100% of the shares and voting rights of Cyanide, the transaction to be paid for half in cash and for half through the issue of Bigben new shares in order to remunerate the transfer of Cyanide shares.
This transaction also allows Bigben to acquire several IP assets representing key assets as well as an experienced studio staff. The acquisition of Cyanide studio will allow the Bigben Group to extend its offer to major gaming genres not yet present in its current portfolio (strategic and tactical games, narrative and episodic games, shooting games, management games) or complementary to its catalogue (sport simulations and action-adventure games), thus strengthening its publishing strategy.
Created in 2000 by 7 seasoned developers of the video game industry, Cyanide is one of the French reference studios recognized for the development of creative video games in numerous genres. Their most recent entries include the stealth Styx franchise. Currently, the studio is said to be working on nine games including Space Hulk: Tactics and Call of Cthulhu.