Paradox Interactive Drops $7.5 Mill To Acquire 100% Of BattleTech, Shadowrun Returns Dev
Harebrained Schemes joins a reputable stable, but will continue to operate with its own internal management and creative teams.
Paradox Interactive has established a reputation for publishing grand strategy games like Stellaris and the Europa Universalis series, both internally and externally. Now, the publisher is adding a reputable developer with strategy chops to the stable as Paradox Interactive announces that it has acquired Harebrained Schemes, the team behind BattleTech and Shadowrun Returns.
“Harebrained Schemes have proven themselves as a world-class studio with a very talented team within a genre where Paradox wants to be present,” said Fredrik Wester, CEO of Paradox Interactive, in the press release. “In addition, we really like the studio, the people who run it, and their games; these are all absolute hard criteria for us in any acquisition. Our recent successful launch of BATTLETECH, our first project together, has been a fantastic collaboration, but the possibilities of what we can do together in the long term now that we’ve joined forces — that’s what has us truly excited.”
Harebrained Schemes has turn-based tactical genre pedigree, adding another layer of strategy games to the Paradox team. The deal is worth $7.5 million as Paradox Interactive grabs 100% of Harebrained Schemes from the sole owner of the dev, Harebrained Holdings. The deal is expected to close tomorrow, June 7. Harebrained will still operate with its own management and creative
“Mitch and I started Harebrained to create the kind of story-rich tactical games we loved,” said Jordan Weisman, CEO of Harebrained Schemes, “and for the last seven years, our studio has been fueled by our team’s passion and by the generous support of our fans. As the scale of our games has grown and the marketplace has gotten extremely noisy we felt that HBS needed to team up with a company that could provide us the financial stability and marketing expertise that would allow us
Mitch Gitelman, Harebrained Schemes’ President, added, “Our experience working with Paradox on BATTLETECH was the best of our careers and proved to us that this was a company we would be proud to be a part of. What’s more, we’ve gotten to experience the incredible audience that Paradox has firsthand. The fans who we met at PDXCON in May after having launched our game were so full of enthusiasm and appreciation. We share a deep respect for our audiences, for healthy and collaborative teams, and for the creative process itself — the fit just works.”
Paradox Interactive also revealed plans to bring its grand strategy games to life as board games, creating yet another avenue to grow their brand. Stay tuned to Shacknews for more updates and features.
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replyCharles Singletary posted a new article, Paradox Interactive Drops $7.5 Mill To Acquire 100% Of BattleTech, Shadowrun Returns Dev
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Oh shiiiiiiiiit.
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I'm super happy about this. Paradox seems to be a solid publisher with sustainability of its studios in mind, and Harebrained is a fucking ace dev with some really great, well-scoped projects under their belt.
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