Dublin-headquartered Keywords Studios has expanded its reach to Australia with the acquisition of an 85 per cent stake in game developer Tantalus Media. “Tantalus brings 27 years of experience of video game development in Australia for some of the largest global publishers and leading titles. “We are delighted to welcome Tantalus to the Keywords Studios family. Keywords Studios will pay an initial consideration of $30.6 million, comprising $18.4 million in cash from existing resources and $12.2 million in new ordinary shares, with a deferred consideration of up to $16.2 million in a mix of cash and new ordinary shares. Mr Crago said the two companies shared the same outlook on the opportunities within the video game industry.

Source: The Irish Times March 18, 2021 07:41 UTC