Dauntless Developer Phoenix Labs Acquired by Garena For $150M

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Garena, the Southeast Asian tech company, announced today that they purchased Phoenix Labs, the Canadian developer behind Dauntless. No purchase price was disclosed, however according to The Straits Times, the purchase price was ~$150M USD. Nothing is expected to change for Dauntless right now, but the official announcement did include this sentence "Both parties will build on Phoenix Labs’ world-class development capabilities and explore new growth opportunities in global markets and on mobile." Players should eventually expect a mobile version of the game.

Jesse Houston, CEO and co-founder of Phoenix Labs, said, “Our partners at Garena have been our most steadfast supporters since the early days of Phoenix Labs, and we are excited to join forces with a global games leader. With this next step, we’re able to ensure that we can provide the best possible experience for Dauntless players around the world. We’re extremely excited about what the future holds for Phoenix Labs, as we continue to support our ever-growing Dauntless community and explore future games.”

This acquisition comes as a bit of a surprise for me as I expected Epic Games to be the ones to purchase Phoenix Labs, as they had an exclusive partnership with them to publish Dauntless on the Epic Games Store.