Keywords acquires High Voltage Software for $50 million
The deal will see Keywords hand over an initial $23.75 million in cash, and $9.75 million worth of newly issued ordinary shares. A deferred payment of $16.5 million will also be paid out if certain performance targets and other conditions are met before December 31, 2021.
High Voltage has studios in Illinois and Louisiana, and has worked on over 100 games in its 27-year history including titles like Injustice: Gods Among Us, Mutant Year Zero: Road to Eden, and
Saints Row: Gat Out of Hell, and
Fortnite.
Keywords said the purchase will bolster its game development service line, and explained High Voltage s experience working with propriety game engines, gaming platforms, and genres will further its aim of becoming the go to technical and creative services platform for the global video games industry.
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