EA acquires Respawn Entertainment
EA announced today that an agreement has been reached for the publisher to acquire Respawn Entertainment. Respawn is the independent development studio behind both Titanfall games.
Of course, EA has published both Titanfall titles, but, going forward, Respawn will be a subsidiary of EA.
“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.”
EA will pay $151 million in cash, and up to $164 million in long-term equity in the form of stock units to employees. The payment will run the course of four years.
“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 Titanfalland Titanfall 2, and we’re excited to combine our strengths. This is a great next step for Respawn, EA, and our players.”
Read the full release here.