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 24, 2024
Netflix has unveiled a new trailer for their upcoming Avatar The Last Airbender live-action series, which will premiere on 22 February 2024. The tr...
By Mr Toffee|August 30, 2022
Remember that bit in Final Fantasy VII Remake where if you pick the right dialogue option, you'll see pugilist protagonist Tifa Lockhart in one of thr...
By Team KKP|May 14, 2018
What do you get if you cross Dynasty Warrior with battle royale? Swordsman X of course! Also known as Wuxia Battle Royale in some circles, this PC gam...
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 Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024