Dotemu, a company known for publishing retro-style games like Streets of Rage 4, Final Fantasy, and Another World, has now been acquired by Focus Home Interactive.
Focus Home Interactive has agreed to purchase 77.5% of shares of the Paris-based retrogaming company for $45.5 million (€38.5 million). The deal also includes an additional payment of up to $17.7 million (€15 million) if certain performance and employment goals are met. This means the potential payout will be close to $63.3 million (€53.5 million).
Focus Home Interactive said Dotemu’s acquisition would allow it to expand its game development assets and make a real mark in video games production.
Christophe Nobileau, Focus Home Interactive CEO, said, “The arrival of Dotemu marks a key step in the acceleration of the Group’s growth and in the diversification of its expertise. By enriching our editorial line, we are opening up a new revenue stream and new market shares to conquer in a fast-growing sector.
Dotemu specializes in game development and publishing, having released over fifty retro games for PC, consoles, and mobile devices. Dotemu’s titles have been played by more than 2.5 million people worldwide. As part of the agreement, Cyrille Imbert, Dotemu CEO, joined the executive committee at Focus Home Interactive.
“Joining the Focus Home Interactive Group was an obvious choice for Dotemu. We share the same passion for video games, the same desire to improve, as well as the same values of respect and benevolence towards our partners and teams. While continuing its activities, this new collaboration will allow Dotemu to benefit from the incontestable expertise of Focus Home Interactive’s teams for the production of AA titles and thus launch the production of future remakes or sequels on licenses of first-generation 3D consoles,” commented Imbert.
Focusing on the future, Focus Home Interactive is expanding its offerings and technical capabilities through the acquisition of Dotemu. Despite the acquisition, Dotemu will continue to publish and produce unique titles with great commercial potential like Teenage Mutant Ninja Turtles and Metal Slug Tactics.
Furthermore, Dotemu is excited for the opportunity to work with Focus Home Interactive, as their expertise in AA games will allow them to create more ambitious projects.
Earlier this year, Focus Home Interactive purchases Streum On Studio, the developer of Necromunda: Hired Gun and Space Hulk Deathwing.
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