Sea Chairman and CEO Forrest Li
Sea Limited, a global consumer internet company, today announced that its digital entertainment arm Garena has acquired Phoenix Labs, an independent game development company and the studio behind the cross-platform co-op action role-playing game, Dauntless.
The transaction is already complete.
Post-acquisition, the existing management team at Phoenix Labs will continue to run the studio.
In addition to complementing Garena’s in-house content creation capabilities, the partnership allows Phoenix Labs to tap into the company’s global network in mobile games and community building.
The two companies will work together to continue adding new features to Dauntless and explore new growth opportunities in markets such as Asia and Latin America and on mobile. Together, they will also explore new opportunities in global markets and on mobile.
The transaction was closed.
Jesse Houston, CEO and Co-founder of Phoenix Labs, said: “With this next step, we’re able to ensure that we can provide the best possible experience for Dauntless players around the world.”
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Forrest Li, Founder and Group CEO of Sea, said, “Over the last few years, we have watched Phoenix Labs mature into one of the best development teams in the business and launch a hugely exciting title in Dauntless. We also know that they share our mission of making great games, creating the best teams, and putting players first. Our skill sets are highly complementary, and we see many exciting opportunities ahead that our teams can explore together.”
Founded in Vancouver in 2014, Phoenix Labs now has a team of more than 100 developers across its offices in Vancouver, Canada, San Francisco, and Seattle, Washington. Dauntless was launched in 2019.
Headquartered in Singapore, Garena is a global games developer and publisher that had more than 320 million quarterly active users in the third quarter of 2019. Its self-developed title, Free Fire, is a popular mobile game.
Garena was one of Phoenix Labs’s earliest investors and has supported the growth of the company and the development of Dauntless over the last several years.
Also Read: Tencent grants Sea’s Garena first access to its games titles with a publishing contract
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Picture Credit: Sea Group
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