Business

Krafton believes in a tailor-made method to M&A


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Michael Metzger, a associate in Drake Star Partners, sat down with Damian Lee from Krafton at GamesBeat Summit 2022. They mentioned the corporate’s IPO, M&A (mergers and acquisitions), and what lies forward.

After the success of ParticipantUnknown’s Battleground, Bluehole Studio fashioned Krafton as a holding firm. In 2021, Krafton held an IPO that ended up netting the corporate 3.8 billion {dollars}. With these new funds accessible, Krafton got down to purchase studios. One of the newest acquisitions is Unknown Worlds.

“Unknown Worlds is a phenomenal team,” mentioned Lee. “They’ve been around for a very long time, over 20 years. They are a very tightknit team that created Subnautica, which is well-loved and a big success. They were financially stable, so they don’t need an investment, and they have concerns that anyone would have with being acquired. ‘Are we going to have disruptions in our creative process? Is someone going to come in and try to fire people on day one?’”

How do you persuade an organization in that place to promote? Lee believes you could tailor every method to the staff in query.

“We took a lot of time to understand what they are looking for,” continued Lee. “One of the things we were able to be convincing on is that the executive producers at independent studios in Krafton have a huge amount of power. It’s one of the most creator friendly environments of any game studios with subsidiaries. This goes right up to the top. Our CEO didn’t come from a business background, he was the executive producer of PUBG.”

Krafton’s method appears to be working. Unknown Worlds is about to launch a brand new IP this summer time, with Subnautica 3 additionally on the horizon. For extra of this interview please try the GamesBeat Summit 2022.

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