EG7 acquires Piranha Games and Daybreak Game Company

Enad Global 7, a multi-disciplinary gaming firm from Sweden, has announced the purchase of Daybreak Game Company. Earlier this month, they also acquired Piranha Games.

EG7 got Piranha and its 65-person development team for CAD $31.4 million (about $24.1 million) paid two-thirds in cash and one-third in newly issued EG7 shares. Additional performance bonuses by end of 2025 will add another CAD $63.4 million ($48.6 million) to the deal.

Piranha Games was established in 2000 and are best known for working on the Mechwarrior properties.

Enad Global 7 also purchased the Daybreak Game Company for $300 million. Daybreak Game Company LLC is an American video game developer based in San Diego. The company was founded in December 1997 as Sony Online Entertainment, a subsidiary of Sony Computer Entertainment, but was spun off to an independent investor in February 2015 and renamed Daybreak Game Company.

Daybreak Game Company are best known for older games such as EverQuest, and newer franchises like DC Universe Online, PlanetSide 2, and H1Z1.

[Via GI]