tinyBuild has announced the acquisition (or as it calls it, “acquihire”) of another studio. It will buy Russian game studio Bad Pixel, known for multiplayer shooter Deadside. The deal could be worth up to $17.1 million.
Bad Pixel will receive $6.5 million, including $4.9 million in cash and $1.6 million in newly issued tinyBuild shares. The studio will also have a chance to get deferred payments of up to $10.6 million over the next three years.
tinyBuild will help Bad Pixel, which will continue to operate as an independent studio, expand its online shooter Deadside.
“Our goal is to expand our position as a leading global developer and publisher, focusing on IP ownership while creating long-term scalable franchises across multiple media formats. In addition, we are actively looking at a number of other potential acquihires and larger scale acquisitions to enhance our strategic and operational position,” tinyBuild CEO Alex Nichiporchik commented on the deal.
Bad Pixel was founded in 2008. Besides Deadside, the studio worked on games like UFO Online: Invasion and VR Enigma. It currently employs seven people.
tinyBuild, which raised $50 million through IPO earlier this year, has been acquiring and investing in studios for a while. In February, it bought We’re Five Games, as well as two Russian studios, Moon Moose and Hungry Couch.