Tech advancements in the video game sector are inspiring more companies to wield M&A as a means of staying current and expanding services. One company inking deals lately is Starbreeze Studios, the developer behind the Payday series and Brothers: A Tale of Two Sons.
The company recently announced a trio of deals. First, it acquired a 6.3 percent of mobile game developer Cmune for $1.4 million. The Beijing-based target will develop Starbreeze's Payday title for mobile devices. Second, Starbreeze hopes to become a major publisher of virtual reality content via French company InfinitEye VR SAS, which it bought for an undisclosed amount. IinfinitEye, which made its debut in 2013, has been developing a virtual reality set for some time.