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 Lewis "lickety" Larcombe|September 11, 2023
Todd Howard from Bethesda just announced that official modding tools are on the horizon! But hold onto your spaceship seats, because we're going to ha...
By Alleef Ashaari|November 25, 2021
As part of the Ubisoft Black Friday sale, Riders Republic, the massively multiplayer open-world outdoor sports playground from Ubisoft Annecy, will...
By Alleef Ashaari|April 5, 2023
Warner Bros. Discovery marks the 100th anniversary of Warner Bros. Studio today, April 4, 2023. This milestone birthday is being celebrated across Asi...
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