Maximum Entertainment Divests Assets from Merge Games
Overview
Maximum Entertainment recently announced its decision to divest some of its assets from its subsidiary, Merge Games. This strategic move involves transferring intellectual property rights for certain games and stock of retail products to Silver Lining Interactive, a UK-based publisher owned by Merge’s founders. The divestment is part of the ongoing merger process between Merge Games and Maximum Entertainment.
Details of the Deal
As per the terms disclosed by Maximum Entertainment, the company will retain all rights to popular titles such as Smalland: Survive the Wilds, Bramble: The Mountain King, Pixelshire, Morbid: The Lords of Ire, and Sunnyside. However, 90 of Merge Games’ titles, including Spirit of the North, are part of the divested assets. Maximum Entertainment will receive a consideration of €1,000,000 following the completion of the transaction, which occurred on Monday.
CEO Statement
Philippe Cohen, CEO of Maximum Entertainment, expressed his thoughts on the agreement, stating, “This deal marks a significant step in improving Maximum Entertainment’s financial position and addressing our liabilities. Silver Lining Interactive, established by Merge’s founders, is an ideal partner for this divestment. By entrusting these IPs to capable hands, we aim to set them up for success, while enabling Maximum Entertainment to focus on our flagship titles that we believe will drive value well into the future.”
Company Restructuring
Merge Games faced challenges in 2024, leading to layoffs and the eventual integration with Maximum Entertainment following the closure of its Chelford office. Reports indicate that the majority of Merge Games’ employees were let go during this transition, leaving only a small team behind.
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FAQs
Q: What assets is Maximum Entertainment divesting from Merge Games?
A: Maximum Entertainment is divesting intellectual property rights for certain games and stock of retail products to Silver Lining Interactive.
Q: Which titles will Maximum Entertainment retain rights to?
A: Maximum Entertainment will retain rights to Smalland: Survive the Wilds, Bramble: The Mountain King, Pixelshire, Morbid: The Lords of Ire, and Sunnyside.
Q: What consideration is Maximum Entertainment receiving for the divested assets?
A: Maximum Entertainment will receive €1,000,000 upon completion of the divestment deal.
Credit: venturebeat.com
