Write what you are looking for and press enter to begin your search!
Live News
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.
By Alleef Ashaari|January 27, 2022
I’m sure you won’t want to waste time sifting through HBO GO’s extensive catalogue of shows and movies just to decide on what to ...
By Alleef Ashaari|July 14, 2023
EA has announced that the EA Sports FC 24 will launch for the PS4, PS5, Xbox One, Xbox Series X/S, Nintendo Switch and PC via Steam and Epic Games Sto...
By Xandria Morden|December 21, 2023
The World of Tanks team is spreading lots of holiday joy to the fans! The developers have prepared a series of free special gifts across all platforms...
By Team KKP|May 10, 2024
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Team KKP|May 10, 2024
By Mr Toffee|February 2, 2024
By Team KKP|May 10, 2024
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024