Just weeks after shuttering Dead Space developer Visceral Studios, EA has announced the purchase of Respawn Entertainment, the developer of Titanfall and it’s sequel.
VentureBeat reports that the purchase made by EA is a deal worth an estimated $455 million and includes $155 million in cash and up to $164 million in long-term equity in restricted stock units to Respawn employees. The studio can also potentially earn bonuses that are tied to performance milestones.
“We started Respawn with the goal to create a studio with some of the best talent in the industry, and to be a top developer of innovative games,” said Vince Zampella, CEO of Respawn Entertainment. “We felt that now was the time to join an industry leader that brings the resources and support we need for long term success, while still keeping our culture and creative freedom. EA has been a great partner over the years with Titanfall and Titanfall 2, and we’re excited to combine our strengths. This is a great next step for Respawn, EA, and our players.”
The press release from EA confirms the acquisition.
Respawn was founded in 2010 by former Call of Duty creators Jason Ward and Vince Zampella, which was the result of disputes with former parent company Activision. The original Titanfall launched in 2014 and was an Xbox exclusive. The sequel launched last year as a multi-platform release but failed to make as a big a splash as the original game.
The LA-based studio is currently working on three games, an announced Star Wars game, a new Titanfall game, and a VR game for the Oculus.