Krafton Acquires US Game Developer 'Unknown Worlds'

[Asia Economy Reporter Kang Nahum] Krafton announced on the 29th that it will acquire the US game developer 'Unknown Worlds.'

The acquisition stake is 100%, and the acquisition amount is approximately $500 million (5.858 billion KRW). Using an Earn Out method, up to an additional $250 million (2.929 billion KRW) may be paid depending on future performance.

Unknown Worlds is a game development company founded in 2001 in the United States by Charlie Cleveland and Max McGuire, possessing a solid fan base and game development capabilities.

They have released original PC and console games such as the Half-Life mod, Natural Selection Series, Subnautica, and Subnautica: Below Zero. Currently, they are developing a new genre PC game targeting early access in 2022.

Krafton chose a game development studio with great potential as its first acquisition target since its listing on the KOSPI market in August. Through this acquisition, Krafton will secure new types of games and IPs that did not exist before while strengthening its global game development workforce.

Kim Chang-han, CEO of Krafton, said, "With the addition of Unknown Worlds, Krafton's global game production competitiveness has been strengthened," and added, "We plan to move forward together toward the shared goal of creating unique experiences for global gamers."

This content was produced with the assistance of AI translation services.