Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

Tekken 8 Eddy Gordo Trailer Reveals The Capoeira Fighter Arriving Next Week: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // LEGOLAND Malaysia Brings Raya Theme To The Park & The World’s First LEGO Friends 4D Movie Premiere: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // New Visions Of Mana Trailer Showcases Elemental Combat & Characters: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

iCandy Interactive Buys Lemon Sky Studios For US$44.5 Million

Mobile game publisher iCandy Interactive, known for their Garfield, Doraemon, and Astro Boy mobile games, as well as Inzen and Appxplore, has made a US$44.5 million acquisition of Malaysia’s own game art and animation company: Lemon Sky Studios.

The deal is a 100% acquisition, meaning iCandy owns Lemon Sky. The deal will also be funded with US$17.8 million in cash and US$26.7 million in newly-issued shares. Lemon Sky Studios will be an iCandy subsidiary.

Why do this? iCandy Interactive wants to create a triple-A game for a bespoke online “metaverse” and blockchain initiatives, and will need a company like Lemon Sky with its high-end portfolio. As for specifics & platforms? No major project announcements have been made yet.  Post-acquisition, the company will focus on “integrating and harnessing the synergies of the combined businesses to drive accretive value for shareholders”.

You may recognize Lemon Sky Studios as making high-quality art and game assets for renowned titles like the Demon’s Souls remake, Marvel’s Spider-Man, Spider-Man: Miles Morales, The Last of  Us Part 2, and WarCraft 3: Reforged. The company is also renowned for allegedly putting its artists through unpaid crunch.

You know what they say: if you can’t beat ’em, buy them.

Related News

post-07
New PlayStation State Of Play This Friday To Focus On Final Fantasy 16

Sony Interactive Entertainment will be holding a special PlayStation State Of Play live stream on Friday, 14 April 2023 at 5am GMT+8. It will focus on...

post-07
The Witcher Nightmare Of The Wolf Gets Special Trailer With Japanese Rock Band

Netflix has released a special trailer for fans across Asia, offering another look at The Witcher Nightmare Of The Wolf. The new trailer for the antic...

post-07
Arkham Who? Marvel's Spider-Man Is Now The Top Best Selling Superhero Game

I still remember the time Batman: Arkham Asylum was first released. As the rave reviews were flooding in, fans everywhere were echoing the sentiment t...

Write a comment

Your email address will not be published. Required fields are marked *

Tournament Tool Kit

Kakuchopurei Community