{"id":2575,"date":"2020-11-25T10:00:24","date_gmt":"2020-11-25T17:00:24","guid":{"rendered":"https:\/\/www.gamesround.com\/blog\/?p=2575"},"modified":"2020-11-25T09:04:01","modified_gmt":"2020-11-25T16:04:01","slug":"enad-global-7-acquires-piranha-games","status":"publish","type":"post","link":"https:\/\/www.gamesround.com\/blog\/enad-global-7-acquires-piranha-games","title":{"rendered":"Enad Global 7 acquires Piranha Games"},"content":{"rendered":"\n<p>The deal is expected to close in the first quarter of 2021, and EG7 has promised Piranha will continue to operate as an independent studio thereafter.<\/p>\n\n\n\n<p>Stockholm-based video games holding group Enad Global 7 AB (EG7) has announced that it has signed an agreement to acquire Canadian PC and console developer Piranha Games for CAD $31.4 million (about $24.1 million) paid two-thirds in cash and one-third in newly issued EG7 shares. Also, EG7 has agreed to pay out an additional CAD $63.4 million ($48.6 million) split equally between cash and shares, if certain profitability performance targets are hit by the end of 2025.<\/p>\n\n\n\n<p>Vancouver-based Piranha was established in 2000 as a work-for-hire studio, and now it counts a 65-person development team and has such a famous game project as Mechwarrior. Within the Enad Global 7 group, Piranha Games will operate as an independent studio and report as a separate entity, as well as bolster the group\u2019s development capacity in Canada. Future joint projects will combine Piranha Games\u2019 knowledge in high-quality console and PC games with Enad Global 7\u2019s expertise in publishing and marketing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal is expected to close in the first quarter of 2021, and EG7 has promised Piranha will continue to operate as an independent studio thereafter. Stockholm-based video games holding group Enad Global 7 AB (EG7) has announced that it has signed an agreement to acquire Canadian PC and console developer Piranha Games for CAD [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2576,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts\/2575"}],"collection":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/comments?post=2575"}],"version-history":[{"count":2,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts\/2575\/revisions"}],"predecessor-version":[{"id":2578,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts\/2575\/revisions\/2578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/media\/2576"}],"wp:attachment":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/media?parent=2575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/categories?post=2575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/tags?post=2575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}