Big Ant Studios has seen a large amount of success in its history and become one of Australia's largest game developers. The growth has been driven primarily by its sports games, with the developer focusing almost exclusively on rugby, cricket, and tennis games. Naturally, that success has turned into dollar signs, with the company's output generating significant profit.
Now, it looks as though the studio can add a few million more dollars onto that amount. According to an announcement, the studio is in the final stages of being bought by French giant Nacon. Pending approval of final conditions, the deal is expected to go through in February. There are quite a few reasons why the publisher would want to buy the developer. Perhaps the most notable is that it gives Nacon a notable foothold in the Asia-Pacific region.
This could be a major benefit, as the publisher had previously focused almost exclusively on Europe. It also adds Big Ant Studios' expertise in sports games to the firm's assets, alongside its intellectual property. In a statement, Big Ant Studio chief executive officer Alain Falc said:
"This acquisition represents a significant step in Nacon's strategy. It significantly strengthens our ability to create new sports games that match our ambitions in the AA segment. Through this transaction, we intend to become the world’s leading player in rugby, tennis and cricket. Nacon is also proud to welcome the talents of Big Ant, one of the most creative studios in the industry, and we will support its growth on new, even more ambitious projects."
The deal is reported to be worth a minimum of €15 million. Depending on whether certain benchmarks are met over the coming years, however, this could be worth up to a maximum of €35 million. This would depend primarily on whether certain performance targets are met.
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Membership Agreement
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