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Majority share in Warframe dev purchased by Chinese companies
The majority of shares in Warframe developer Digital Extremes have been acquired by two Chinese companies, Multi Dynamic Games and Perfect Online Holding. As a subsidiary of Sumpo Food Holdings Limited, Multi Dynamic Games purchased 58 percent of Digital Extremes' shares for $69.6 million, whereas Perfect Online acquired three percent of the developer for $3.6 million. Negotiations for the agreement began in late June. The value of the transactions, a total of $73.2 million (approximately HK $567.3 million according to Sumpo Food Holdings), is subject to future adjustment by the companies. Warframe launched in March 2013 for PC before the free-to-play shooter arrived on PS4 when the system launched in November 2013. The game hit Xbox One last month, after it reached 10 million registered users in July. Digital Extremes was founded in Ontario, Canada in 1993 and had a hand in the development of the Unreal and BioShock series. [Image: Digital Extremes]
Disney looking to buy out Faxion Online developer
Disney could become a major player in the future of Faxion Online if it goes ahead with a proposed deal to buy out the rest of UTV Software Communications' stock. Currently, Disney has a majority stake in the company -- 50.4% -- but this move would bring it up to a nice round 100%. The Ignition Entertainment label would fall under this deal, which has already been struggling with numerous layoffs and studio closings. We recently reported that UTV Ignition had to cut a good portion of its programming, maintenance, and customer service staff as part of these problems. Whether or not this deal will prove a boon or a hammer blow to Ignition remains to be seen. Disney has previously closed down developers Black Rock and Propaganda Games, although Mickey's parent company is looking to move in the direction of more social and casual gaming. We'll keep a close eye on this deal to see how it plays out.
