Riot Games Inc. based in Sawtelle, a developer and publisher known as League of Legends, has acquired an undisclosed Canadian video game developer Hypixel Studios.
The deal was announced April 16 by Riot Games.
Founded in 2018, Hypixel Studios employs more than 40 developers. In December 2018, the company raised $ 7 million in angel funds in a deal led by Riot Games.
Hypixel Studios said it was stepping up the development of its first title, Hytale, an adventure game that allowed players to build their own settings, such as houses and castles, with virtual block material.
The game has attracted more than 2.5 million registrations for its beta version, and the trailer has generated millions of views on YouTube, according to Riot Games. The studio plans to release Hytale to the public in 2021.
“Over the past 18 months, we have been fortunate to advise Hypixel Studios as they build towards their vision of developing a genre of game that reaches a very diverse range of players around the world,” Riot Games President Dylan Jadeja said in a statement.
“Now, as they prepare to enter the next chapter, we are very pleased to take our partnership to the next level through this acquisition. We hope to support Hypixel Studios’ journey through the development process, help them grow, and learn from them too, “added Jadeja.
Hypixel Studios said its leadership team would remain in charge of day-to-day studio management, but would have a new board joining members from Riot Games.
“We will continue to operate in the same way as before, but Riot will become our parent company, and we will get access to their expertise and resources,” Hypixel Studios founder Simon Collins-Laflamme said in a statement. . “This means more budget for Hytale, more security for our team, and advisory support from companies who know how to launch and operate successful and long-running games.”
Hypixel Studios will establish a permanent office in Northern Ireland where it will fill 20 new positions, according to Riot Games.
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