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South Korean gaming firm KRAFTON Inc. has acquired Swedish gaming studio Neon Big. The acquisition is an funding in KRAFTON’s growth and repair capabilities to make sure a gradual pipeline of premium titles.
KRAFTON Inc. is a South Korean online game holding firm primarily based in Seoul, based in 2007. The corporate has produced or owns rights to a number of notable online game titles together with TERA, PUBG: Battlegrounds, New State Cellular, Moonbreaker and The Callisto Protocol. The corporate consists of seven impartial studios globally, every with its personal distinctive experience.
Neon Big is a Swedish online game developer based in 2018 and headquartered in Uppsala, Sweden. The corporate turned well-known for its extensively appreciated debut title The Ascent in 2021.
Baker McKenzie acted as authorized advisor to KRAFTON within the acquisition. The agency’s crew consisted of 26 attorneys and the core crew consisted of Carl Svernlöv, Sofie Sternberg, Linnea Rahm, Albin Stålberg, Max Thimmig, Richard Grön and Melinda Roos.
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