Rockstar Games has announced the acquisition of Indian art production studio Dhruva Interactive for USD7.9 million from Starbreeze.
In the deal, Rockstart will get 91.82% share in Dhruva from Starbreez. The studio will operate along with Rockstar India. Both the firms, Starbreez and Dhruva will continue their work on current projects for clients and will join Rockstar’s current work in Bangalore.
In 2016, Starbreeze initially acquired Dhruva for $8.5 million. The art production studio and one of the largest game companies in India, was founded in 1997. Its creations before the Starbreeze acquisition consist Halo 5, Forza Horizon 3, Quantum Break, and Sea of Thieves. It has also done work on Starbreeze’s Payday 2.
Rajesh Rao, Dhruva’s CEO and Founder said, “Rockstar Games are the undisputed leaders of innovation and creativity in modern game development”. He further added, “Dhruva Interactive was founded with the aim of creating a world-class game development community in India, and so bringing the Dhruva team under the Rockstar Games label is further proof that we have succeeded in creating a talented team that can contribute to the best games in the world while helping to create a thriving local game developer community in India.”
Setbacks for Starbreeze
The seller, Starbreeze, has gone through a rough past year. The company has been trying to pull itself together for several months now following poor performance of Overkill’s The Walking Dead which led to Skybound termination of publishing agreement earlier this year. Similarly, the CEO’s departure and announcement of insolvency adversely affected the company. And today, it faced a 56% year-over-year earnings loss for Q1 of this year.