PlayWay S.A. acquired a 51% controlling stake in Łódź-based Space Boat Studios on January 19, 2018, for a total transaction value of 510,000 PLN.
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The acquisition was driven by the performance of the studio's flagship title, Out of Reach, which recorded 100,000 units sold on Steam and held a wishlist of 163,000 prospective buyers.
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Space Boat Studios is currently developing a new title within the Out of Reach universe that integrates a pirate-themed setting with the Battle Royale multiplayer genre.
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Following the transaction, the remaining 49% equity in Space Boat Studios is distributed among the original partners at 21%, 18%, and 10% respectively.
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This investment reflects PlayWay’s corporate strategy of acquiring specialized studios that possess both proven market track records and scalable project pipelines.
Insights
01
PlayWay S.A. acquired a 51% controlling stake in Łódź-based Space Boat Studios on January 19, 2018, for a total transaction value of 510,000 PLN.
02
The acquisition was driven by the performance of the studio's flagship title, Out of Reach, which recorded 100,000 units sold on Steam and held a wishlist of 163,000 prospective buyers.
03
Space Boat Studios is currently developing a new title within the Out of Reach universe that integrates a pirate-themed setting with the Battle Royale multiplayer genre.
04
Following the transaction, the remaining 49% equity in Space Boat Studios is distributed among the original partners at 21%, 18%, and 10% respectively.
05
This investment reflects PlayWay’s corporate strategy of acquiring specialized studios that possess both proven market track records and scalable project pipelines.