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Enad Global 7 continued its holiday shopping today, announcing the acquisition of Daybreak Game Company, the company behind EverQuest, H1Z1 and a variety of massively multiplayer online games.
The deal values Daybreak at $ 300 million paid in cash and newly issued EG7 shares. This is the second acquisition announced for EG7 in as many weeks, following the purchase last Wednesday of Vancouver-based Piranha Games studio Mechwarrior.
“Daybreak is a perfect fit for EG7, we are a family of companies with complementary skills and expertise, combined to form a major video game company to deliver incredible games and experiences to gamers around the world,” said Robin Flodin, CEO and co-founder of EG7. said. “Daybreak has a rich portfolio of third-party IP addresses and we look forward to expanding this portfolio of games in the years to come.”
Originally known as Sony Online Entertainment until a split from parent company Sony, Daybreak offers a line-up of games including H1Z1, EverQuest, EverQuest 2, Planetside 2, and DC Universe Online. It also publishes the Standing Stone Games MMOs The Lord of the Rings Online and Dungeons & Dragons Online.
As to whether the acquisition would result in layoffs for Daybreak employees, an EG7 representative did not immediately respond.
In August, Daybreak acquired Cold Iron Studios, a San Jose-based studio working on a game using Alien IP.
A move to EG7 would be the fifth time that Cold Iron ownership has changed hands in the past two years, but it’s not entirely clear the studio is being taken over along with the rest of Daybreak.
The EG7 acquisition announcement mentions that Daybreak is headquartered in San Diego with development studios in Austin and Boston, but makes no mention of Cold Iron or a San Jose studio. Inquiries to Cold Iron and the EG7 representative were not immediately returned.
Daybreak was acquired from Sony and took its current name in 2015, announcing that it had been acquired by investment management firm Columbus Nova.
When Columbus Nova’s Russian parent company saw its assets frozen by the US government in 2018, Daybreak said it had never been owned by Columbus Nova and was owned by one of the company’s partners, Jason Epstein.
EG7 said that as the largest shareholder in Daybreak, Epstein would own around 10% of EG7 shares after the deal closes.
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