Indie writer Team17 has mentioned that mergers and acquisitions are a core a part of its accelerating progress.
That is based on the corporate’s half-year monetary outcomes – for the primary six months of 2024 – the place the agency mentioned that it was trying to “leverage engaging alternatives as they come up.” Team17 is also trying to double down on the indie house as a result of it has a decrease threat return on funding in comparison with mid-tier and triple-A video games.
“Wanting forward, there’s vital progress potential in our core markets – Indie, edutainment and dealing simulation video games,” CEO Steve Bell (pictured) mentioned.
“Our deal with making a portfolio of video games and apps with evergreen longevity, and leveraging our wonderful lifecycle administration capabilities, ideally positions us to capitalise on this and construct a lifetime of play inside our rising portfolio and participant base.”
Team17 added in its report that: “The M&A market in gaming is extremely lively and the Group’s robust money place offers a transparent alternative to accumulate high quality property, together with established IP to assist the again catalogue, as alternatives come up. The Group is within the means of strengthening its inner construction and is making focused senior hires (corresponding to a Group Authorized Director), which put it in a stronger place to totally scale and leverage engaging alternatives as they come up.”
