Stillfront acquires Age of Lords dev eRepublik Labs
The Stillfront Group has acquired the developer eRepublik Labs for the sum of €7.5 million (~$8.3 million), though that number could increase by another €13 million (~$14.5 million) if certain conditions are met.
The acquisition sees Stillfront picking up 100 percent of eRepublik Labs shares from both majority and minority shareholders. And while those shares set Stillfront back €7.5 million (~$8.3 million), only €4 million (~$4.5 million) of that amount is set to be made in cash payments while the remaining €3.4 million (~$3.8 million) is payable in Stillfront shares.
The acquired studio itself, eRepulbik Labs, is responsible for a number of mobile games such as Age of Lords and World at War: WW2 Strategy MMO. The developer also created and runs the browser-based free-to-play title eRepublik.