Write what you are looking for and press enter to begin your search!
Live News
iCandy Interactive Buys Lemon Sky Studios For US$44.5 Million
Mobile game publisher iCandy Interactive, known for their Garfield, Doraemon, and Astro Boy mobile games, as well as Inzen and Appxplore, has made a US$44.5 million acquisition of Malaysia’s own game art and animation company: Lemon Sky Studios.
The deal is a 100% acquisition, meaning iCandy owns Lemon Sky. The deal will also be funded with US$17.8 million in cash and US$26.7 million in newly-issued shares. Lemon Sky Studios will be an iCandy subsidiary.
Why do this? iCandy Interactive wants to create a triple-A game for a bespoke online “metaverse” and blockchain initiatives, and will need a company like Lemon Sky with its high-end portfolio. As for specifics & platforms? No major project announcements have been made yet. Post-acquisition, the company will focus on “integrating and harnessing the synergies of the combined businesses to drive accretive value for shareholders”.
You may recognize Lemon Sky Studios as making high-quality art and game assets for renowned titles like the Demon’s Souls remake, Marvel’s Spider-Man, Spider-Man: Miles Morales, The Last of Us Part 2, and WarCraft 3: Reforged. The company is also renowned for allegedly putting its artists through unpaid crunch.
You know what they say: if you can’t beat ’em, buy them.
By Alleef Ashaari|October 28, 2021
Koch Media and developer Playcorp have revealed a Roadmap outlining the Early Access phase of Beyond Contact. The upcoming sci-fi survival adventure i...
By Alleef Ashaari|May 30, 2022
During Star Wars Celebration 2022, it was announced that Star Wars The Bad Batch Season 2 will premiere sometime in fall 2022 with the debut of a new ...
By Lewis "lickety" Larcombe|September 12, 2023
The MPL SG Season 6 kicked off with a bang last weekend! Week 1 of the Regular Season was lit, breaking records left and right. According to Esports C...
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024