Perhaps the first major takeover in 2011, Korean developer and publisher Joymax has bought over IO Entertainment, the developer of Lost Saga and Survival Project. Joymax itself was subjected to a takeover by Wemade Entertainment last year. Joymax is pushing for a revival recently, canceling 2 of their under-performing games and trying to diverse out of their main title, Silkroad Online. The takeover of IO Entertainment is 100% and apparently worth around USD 16.7mil, with the studio now wholly-own by Joymax. Lost Saga is currently a popular global game with various different versions, aiding IO Entertainment’s finances by 200% last year and an increment of 150% global players.
