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Starbreeze set to acquire  Payday: The Heist  developer
Starbreeze set to acquire Payday: The Heist developer
April 19, 2012 | By Mike Rose

April 19, 2012 | By Mike Rose
More: Console/PC, Business/Marketing

Newsbrief: Syndicate reboot developer Starbreeze is set to acquire Payday: The Heist studio Overkill Software, as a means of boosting development efforts on upcoming games Project Mercury and V13.

Overkill saw overall sales of 15.4 million Swedish kronor ($2.3 million) during 2011, with profits of 4.3 million Swedish kronor ($639,000) for the year, thanks to sales of Payday on PlayStation 3, Xbox 360 and PC.

The acquisition will be completed in June, with a purchase price that amounts to 200 million newly issued shares in Starbreeze.

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Evan Van Zelfden
profile image
And what are 200 million newly issued shares in Starbreeze worth?

Many congrats to Bo and Ulf, who work hard and smart for every success.

Evan Van Zelfden
profile image, if you look up the stock price here:
Multiply that number by the alleged 200MM shares from this report, then convert it from SEK to USD (handy tool here it gives an estimated sale price of: $2,366,970.

There are some other articles with key details, such as the buyout only going through if Starbreeze can raise money required to work on the next round of Overkill projects. And while Starbreeze will benefit from "boosting development efforts" it's suggested in quotes that Overkill's IP is the reason for purchase.