Game developer

Krafton to acquire US game developer Unknown Worlds for up to $750 million

South Korean Krafton Inc., the label behind battle royale game PUBG, is set to acquire US game developer Unknown Worlds Entertainment for up to $750 million in its first major acquisition since its introduction. on the stock market in August.

Krafton revealed on Friday that it would pay $500 million for a full stake in developer Subnautica Unknown Worlds with the option of offering an additional $250 million in an earn-out clause depending on the US studio’s achievement after fusion.

Unknown Worlds – a game developer founded in 2001 – is known for its unique creativity-based PC and console games such as Half-Life Mod, the Natural Selection series, and Subnautica.

Krafton is looking to enhance its games portfolio beyond the core Battlegrounds.

In June, the company acquired mobile game developer Dreamotion to put a total of five studios under its arm.

Unknown Worlds will be Krafton’s sixth studio responsible for PC and console games. The management and internal structure of Unknown Worlds will remain unchanged.

Kim Chang-han, general manager of Krafton, said he will move forward with the goal of creating a unique experience for global gamers.

Shares of Kospi-trading Krafton were up 2% at 479,000 won at the start of Monday’s session.

By Lim Young-shin and Lee Eun-joo

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]