Dauntless and Fae Farm studio Phoenix Labs just bought out

fearless Developer Phoenix Labs makes another big move this week as it appears to be a secured investment that will allow its management to buy it out from its owners in Singapore-based Garena and go private. Garena, whose parent company Sea was an original investor in Canada’s Phoenix Labs, paid $150 million for the company in 2020, although we don’t know what Phoenix Labs management paid.

fearless itself is still doing well, of course, and has appealed to its 30 million person player base, but Phoenix Labs has several other games in the works. Last May, it said it was working on “nearly 10 projects, ranging from early research and development to full production,” as the studio “examined everything from sci-fi to fantasy, strategy to action, casual to core — and everything in between. ” One of those games is the delightful co-op farming simulation Fae farmwhich is apparently still on the way this spring.


https://massivelyop.com/2023/02/03/dauntless-and-fae-farm-studio-phoenix-labs-just-bought-itself-out/ Dauntless and Fae Farm studio Phoenix Labs just bought out

Curtis Crabtree

24ssports is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@24ssports.com. The content will be deleted within 24 hours.

Related Articles

Back to top button