[VGC] The Medium’s studio has backed away from acquisition talks

[--R]

As reported by Bankier.pl, the studio issued a press release stating that it planned to enter into talks "on strategic cooperation with one of the industry's entities" rather than allowing one to buy a majority share in the company.

It was revealed last June that Bloober Team was in the second round of merger and acquisition talks with "a dozen or so" companies, including three from the United States, two from Poland and one from the UK.

According to the new press release, these talks have fallen through because Bloober Team doesn't want its future plans to be affected.

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"The company has decided not to continue discussions with potential financial and industry investors interested in acquiring a majority stake due to the high risk of losing its overriding strategic objectives," the release states.

"At this stage it would be incompatible with the culture of the organisation, and would significantly limit the potential growth of the company's value in the coming years, especially taking into account the projects implemented and planned."

Instead, Bloober Team states that it may now actually have enough money to make its own investments in other companies to improve its games.

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The Medium’s studio has backed away from acquisition talks | VGC

Bloober Team is no longer interested in selling, despite entering negotiations last year…

www.videogameschronicle.com

 

[DominicanGlory]

Good. The talk of the industry rapidly going into consolidation is not good for consumers

 

[thankyoumerzbow]

not today, phil

 

[Polk]

Bloober Team choosing not to sell at this time

Previously, Bloober Team had stated publicly that they were in talks over possible acquisitions with a handful of international companies. Today, they released an update on this...

www.resetera.com

 

[defaltoption]

Sounds like they had multiple offers but nothing high enough and want to see how time treats them alongside their next releases.

I wonder what numbers they're looking for.

 

[Raigor]

Bloober Team choosing not to sell at this time

Previously, Bloober Team had stated publicly that they were in talks over possible acquisitions with a handful of international companies. Today, they released an update on this...

www.resetera.com

 

[--R]

Bloober Team choosing not to sell at this time

Previously, Bloober Team had stated publicly that they were in talks over possible acquisitions with a handful of international companies. Today, they released an update on this...

www.resetera.com

Click to shrink...

Oh whoops, close the thread then!

 

[TheRealBigRich]

I mean wouldn't another "bloober team" or the like just pop up of they were acquired. We just seen a ID at Xbox with about 40 devs