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Payday 2 developer-publisher Starbreeze has splashed out $8.5 million to pick up a 90.5 percent stake in Indian art production company, Dhruva Interactive.

Chris Kerr, News Editor

December 16, 2016

1 Min Read

Payday 2 developer-publisher Starbreeze has splashed out $8.5 million to pick up a 90.5 percent stake in Indian art production company, Dhruva Interactive. 

The deal will see Starbreeze hand over $7 million in cash and $1.5 million in freshly issued Starbreeze B-shares. 

Post-acquisition, Dhruva will continue to operate under its own brand and work with third-party clients. The company has previously worked on a number of triple-A titles such as Forza Horizon 3, Halo 5, Quantum Break, Sea of Thieves, and Starbreeze's own Payday 2

The deal will let Starbreeze improve and ramp up in-house art production, while simultaneously lowering operating costs.

The studio says it will now also be able to provide "full end-to-end services to its participating publishing partners and to add significant value to its VR ecosystem."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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