Dauntless Developer Phoenix Labs Is Independent Once Again
The company is now self-owned and going private.
Canadian studio Phoenix Labs is no longer a part of Garena, a merger that saw Garena pay $150 million to acquire the Dauntless developer back in January of 2020.
According to GamesBeat, an investor-backed management buyout has occurred and Phoenix Labs founders plan on taking the company private as they look towards expanding into other markets. Specifically stated were mobile markets in Asia and South America.
Phoenix Labs' next game is Fae Farm, slated for a Q2 2023 release.
Terms of the buyout have not been disclosed at this time.
Related Articles
About the Author
Troy “Noobfridge” Blackburn has been reporting on the video game industry for over a decade. Whether it’s news, editorials, gameplay videos, or streams, Noobfridge never fails to present his honest opinion whether those hot takes prove to be popular or not.
Read Next
Path Of Exile 2023 Plans Include Expansions And Path Of Exile 2 Details
Grinding Gear Games says you'll know about Path of Exile 2 this summer.
By Troy Blackburn - 1 month agoYou May Enjoy
Century: Age Of Ashes Season 2 Introduces New Thornweaver Class, A Map Revamp, New Rewards, And More
Soar through the skies in dragon combat.
By Troy Blackburn - 1 week ago
New World Delays Season 1 Fellowship & Fire, Doesn't Detail The Issue
It looks like we won't be getting the big New World update tomorrow.
By Troy Blackburn - 16 hours ago
Execute Your First Mission For Deceive Inc. Beginning Today
Infiltrate, disguise, gather intel, and make it out alive.
By QuintLyn Bowers - 6 days ago
Battle In The Heart Of Tokyo With The Launch Of "Operation Sunstorm" Coming To Free-To-Play Shooter World War 3
Urban combat and tanks and drones, oh my!
By Troy Blackburn - 4 days ago
It's Bots vs Bots In The Latest Anti-Cheat System Unveiled By Irdeto, "Denuvo Unbotify"
Unleashing AI to take out bot cheaters.
By Troy Blackburn - 6 days ago
It’s Official, Counter-Strike 2 Is On The Way, And Current CS:GO Players Will Be Keeping All Their Stuff
It will be a free upgrade to CS:GO.
By QuintLyn Bowers - 5 days ago
Discussion (0)