Electronic Arts has announced that it has finalized its deal to acquire Respawn Entertainment.
Last month, EA revealed that Respawn would be the latest developer added to EA’s Worldwide Studios, which already includes the likes of BioWare, DICE and Jade Raymond’s Motive Studios.
“Under the agreement [between EA and Respawn], EA will pay $151 million in cash, and up to $164 million in long-term equity in the form of restricted stock units to employees, which will vest over four years,” EA said.
Respawn, which was founded in 2010, has developed the acclaimed Titanfall and Titanfall 2, both of which were published by EA.
Titanfall was released in 2014 for Xbox 360, Xbox One and PC, while its 2016 sequel launched on PlayStation 4, Xbox One and PC.
The studio is developing a third installment in its Titanfall series, along with working on an unnamed VR project and a Star Wars title.
Hardcore Gamer’s review for Titanfall 2 said that it “breathes new life into the concept and has solidified it as a franchise,” as well as “The same addicting momentum-based movement system is back and it’s still fun to use.”
For more on Respawn’s addicting shooter franchise, check out Hardcore Gamer’s review for the first Titanfall.