Pearl Abyss Sells CCP Back to CEO at a Loss
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7 Articles
Pearl Abyss Sells CCP Back to CEO at a Loss
In a surprising turn of events, Crimson Desert developer Pearl Abyss sells CCP back to the CEO for less than half of what they paid. The figures, reported by Digital Today, showed that the Korean developer of hit MMO sold Eve Online developer CCP Games back to its CEO, Hilmar Veigar Pétursson, for $100 million in cash and $20 million in “token acquisition rights.” This came eight years after buying it for $225 million in cash plus $200 million i…
The Icelandic gaming company that for years has been known as CCP is now called Fenris Creations. The name has been changed after its management bought the company back from a South Korean company, which was done with the involvement of Aldir ehf. Omega ehf. and the tech giant Google.
Video game developer CCP has been owned by the South Korean company Pearl Abyss since 2018. Pearl Abyss has now sold its entire stake in the company to Google and Icelandic investors. "The company's new ownership group includes many of CCP's key executives and long-term investors, including the fund management company Aldir ehf. and the investment company Omega ehf. as well as the American technology company Google," the company said in a statem…
When a company sells one of the most mythical MMOs in history... at a loss and with a cryptocurrency bonus, difficult not to raise an eyebrow and yet, that's what just happened. Pearl Abyss has thus officially sold CPC Games, the creator of the EVE Online, to his own CEO Hilmar Veigar Pétursson for 120 million dollars, including 20 million paid in the form of tokens related to the EVE Frontier project. Let's go back to 2018, a new...
Pearl Abyss sells CCP back to its CEO for less than half what it paid, plus $20 million in crypto
Pearl Abyss, the Korean developer of hit MMO Crimson Desert, has sold Eve Online developer CCP Games back to its CEO Hilmar Veigar Pétursson for $100 million in cash and $20 million in "token acquisition rights", eight years after buying it for $225 million in cash plus $200 million in performance-related payouts. The figures were reported by Korean outlet Digital Today.
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