informa
/
Business
News

MyGames grabs minority stake in Spanish dev The Breach Studios for $4.1 million

MyGames has indicated the investment could precede a majority acquisition.

Russian game company MyGames has invested €3.5 million ($4.1 million) into Spanish developer The Breach Studios in a bid to expand its global network of studios.

The deal has seen MyGames acquire a minority stake in the Barcelona-based company "with a path to control," and is the latest in a string of investments the firm has made through its MyGames Venture Capital (MGVC) fund.

The Breach Studios was established in 2018 by a group of industry veterans from Ubisoft, Gameloft, and Take-Two Interactive. The company is currently working on an unannounced co-operative shooter for PC and consoles, and believes MyGames is well placed to help it succeed in the genre by offering publishing, marketing, and development support.

"It was highly important for us to find an investor who has in-depth understanding of the game specifics, the product, and the genre we work with," said The Breach Studios co-founder and CTO, Jordi Guerrero.

"Among all other potential investors, the MGVC team was the first who asked us about our product and our ideas before going into financial details. We believe that together we will be able to bring a lot of new things to the co-op shooter genre, in which both we and MyGames have a rich expertise."

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more