Following the sale of CCP Games from Pearl Abyss for $120 million in cash and non-cash elements, the Icelandic studio known mainly for the MMORPG EVE Online announced that it is rebranding and will be called Fenris Creations henceforth. The split was the result of a joint strategic review between the two parties, who mutually concluded that independent ownership was the better fit, citing "broader differences in operating context, current strategic focus, and long-term priorities". The new ownership group comprises Fenris Creations' senior management and long-term investors, including Omega Ventures co-founder Birgir Már Ragnarsson, who takes over as Board Chairman. CEO Hilmar Veigar Pétursson confirmed there will be no […]

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Pearl Abyss, the developer of the commercially successful open world game Crimson Desert (and also known for the MMORPG Black Desert), has announced its decision to sell EVE Online and its studio back to CCP Games CEO Hilmar Veigar Pétursson for around $120 million. A rumor about Pearl Abyss selling CCP Games originally circulated almost a year ago, though back then it suggested the goal was to shop the studio around. Clearly, that option failed, and selling back to the original owners was the most sensible choice. In a statement to Korean media Inven Global, a Pearl Abyss spokesperson explained: […]

Read full article at https://wccftech.com/pearl-abyss-sells-ccp-eve-online-120-million/