Thunderful is selling Headup for $538.9k
29.03.2024 - 10:05
/ pcgamesinsider.biz
European games firm Thunderful is selling Headup for €500,000 ($538,937).
The company is being acquired by Microcuts Holding, a venture that is actually owned and controlled by Headup's initial founder and current CEO, Dieter Schoeller. As well as that €500,000 initial purchase price, Thunderful will pay out €457k ($492.6 million) upon closure of the transaction. That is from the €1.87 billion ($2 billion) of existing payouts that the games giant owed Headup.
Thunderful acquired Headup for €11 million ($11.86 million) back in 2021. If you're curious, the company is being sold for 95% of its original sale price, which is, well, interesting.
The sale includes Headup's back catalogue, as well as five games that it has in the pipeline. The company will be giving €300,000 ($323.4k) to Thunderful as part of a revenue share in one un-released game.
Studio Fizbin is being transferred to Thunderful, too. The company was acquired in 2023 and was part of Headup's vertical at Thunderful.
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.