Game services provider Keywords Studios has added yet another company to its roster of studios, with the acquisition of High Voltage Software for a total consideration of up to $50 million.
The terms of the acquisition will see Keywords Studios pay an initial consideration of $23.75 million in cash and the equivalent of $9.75 million in new ordinary shares, plus a deferred consideration of up to $16.5 million if performance targets are met by 31 December 2021.
American game development services company HVS was created in 1993 and has contributed to games such as Fortnite and Mortal Kombat, and developed its own titles such as Hunter: The Reckoning or Lego Racers. It s shipped over 100 games across all platforms.