Back in 2020, Singapore-based gaming company Garena (subsidiary of the SEA group) acquired US-based games developer Phoenix Labs for a reported USD 150 million. In our news article, we mentioned a few concerns that we had with this acquisition, citing…
Phoenix Labs – Singapore’s Garena acquires North America developer of Dauntless
Sea Limited, the parent company of games company Garena, has acquired Phoenix Labs, an acclaimed independent games development company and the studio behind the popular cross-platform co-op action RPG, Dauntless. The teams intend to work together to continue building Phoenix…