Less than a month after it closed the doors on Dead Space developer Visceral Games; publisher Electronic Arts has announced that it is close to acquiring Titanfall developer Respawn Entertainment in a deal that could potentially rise to $500 million.
According to an official announcement from the publisher, EA will pay $151 million in cash, and up to $164 million in long-term equity in the form of restricted stock units to employees. The Battlefield publisher may then be required to fork out additional money dependant on certain performance milestones, relating to the development of future Respawn titles, with a maximum of $140m in place, bringing the total close to $500 million.
Of those future titles mentioned, the announcement also reveals that Respawn has, in fact, 3 titles currently in development including a new Titanfall game, a first-person, combat-driven VR experience for Oculus Rift and an untitled game set in the Star Wars universe, though there are no further details for either title.
“We’ve seen firsthand the world-class caliber of Respawn as a development studio with incredible vision, deep talent and an inspiring creative mindset,” said Andrew Wilson, CEO of Electronic Arts. “Our longtime partnership is grounded in a shared desire to push the boundaries and deliver extraordinary and innovative new experiences for players around the world. Together, we’ve brought this to life in the Titanfall franchise, and now with the Respawn team joining EA, we have exciting plans to accomplish even more amazing things in the future.”
“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.”
Respawn Entertainment was founded in 2010 by former Infinity Ward developers Vince Zampella and Jason West. Both Titanfall and last years Titanfall 2 were published by EA.