Sea Announces Garena’s Acquisition of Phoenix Labs
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Business Wire
Sea’s digital entertainment arm to acquire 100% of leading independent games studio and developer.Acquisition brings North America-based team of over 100 experienced AAA game developers into the Garena family.Both parties will build on Phoenix Labs’ world-class development capabilities and explore new growth opportunities in global markets and on mobile. SINGAPORE & VANCOUVER, British Columbia--(BUSINESS WIRE)--Sea Limited (NYSE: SE) (“Sea” or the “Company”), a leading global consumer internet company, today announced that its digital entertainment arm, Garena, has acquired Phoenix Labs, an acclaimed independent games development company and the studio behind the popular cross-platform co-op action RPG, Dauntless. The teams intend to work together to continue building Phoenix Labs’ world-class development team, supporting the growth of Dauntless, and exploring new opportunities in global markets and on mobile. The transaction closed in recent days.Jesse Houston, CEO and co-founder
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