Volition had six interested buyers - Report
Saints Row studio manager says WB, EA, Take-Two, and Ubisoft all showed interest in company; no layoffs after sale, though name may change.
We'll begin emailing you updates about %gameName%.
Six different companies entertained the possibility of buying Saints Row studio Volition Inc. before it was eventually sold to Deep Silver parent company Koch Media last week, general manager Dan Cermak told The News Gazette.
Warner Bros., Electronic Arts, Take-Two, Ubisoft, Koch Media, and an unnamed group from Chicago all completed site visits in the weeks preceding the sale, he said.
However, only two companies--Koch Media and Ubisoft--submitted bids for Volition, with Koch Media's $22.3 million offer well ahead of the French publisher's $5.4 million bid.
Koch Media had 390 employees prior to the purchase and will take on all 185 Volition staffers. There will not be any layoffs and compensation packages are consistent, Cermak said.
What may change, though, is Volition's name. "Deep Silver Volition" is reportedly among the names being considered, Cermak said. Cermak also confirmed that Koch Media did not acquire the Red Faction franchise, the fate of which lies in limbo.
Cermak said the sale to Koch Media is a "very positive situation for us." He noted that because Koch Media is a private company, it does not face many of the pressures THQ did as a publicly traded entity, like meeting quarterly financial benchmarks.
Best New Netflix Releases Of November 2018: TV Shows And Movies To Watch Destiny 2 Ascendant Challenge Location (Nov. 6-13) Video Guide Destiny 2 Ascendant Challenge Location Video Guide -- Week 5 (Nov. 13-20) Top New Games Releasing On Nintendo Switch, PS4, Xbox One, And PC This Week -- November 11-17 7 Wild Red Dead Redemption 2 Easter Eggs & Secrets Super Smash Bros. Ultimate - More Fighters Trailer Destiny 2's Exotic Thunderlord Quest Takes You Back To Destiny 1 Area Rainbow Six Siege's New Wind Bastion Operator Revealed; Another Leaked - GS News Update Game Of Thrones Season 8 Premiere Month Announced In New Teaser | GS Universe News Update Path of Exile: Betrayal - Official Trailer Destiny 2: Forsaken Spider's Weekly Bounty (Nov 13 - 20) WWE's The Miz Trains With Shawn Michaels In Marine 6 Video
Got a news tip or want to contact us directly? Email firstname.lastname@example.org