Kabam acquires RPG dev Phoenix Age for a rumoured $90 million

Secret sources point to dollar figure

Kabam acquires RPG dev Phoenix Age for a rumoured $90 million

Free-to-play specialist Kabam has announced that it's acquired fellow Bay Area dev Phoenix Age, known for its work on Castle Age on iOS and Facebook as well as Underworld Empireon iOS.

The studio has a proven track record with creating durable social role-playing games, with Kabam looking to fold the developer's library into its catalogue of games.

Speaking on the acquisition, Kabam's COO Kent Wakeford stressed the importance of Phoenix Age's expertise in RPGs.

"Phoenix Age's hit games and world-class talent further solidify Kabam's leadership role in the free-to-play games space while expanding Kabam into new genres," detaileds Wakeford.

Rising phoenix

For his part, Edwin Shew - co-founder of Phoenix Age - sees the acquisition as a chance to grow globally.

"We couldn't be more excited about joining Kabam," said Shew, "Becoming part of their team instantly gives us the expertise, experience and infrastructure to scale our games to a global level we couldn’t achieve independently."

Although terms for the deal were not disclosed, an anonymous source sent over a screenshot from the popular app Secret - Speak Freely that puts the figure for Phoenix Age at "around $90 million".

We've contacted Kabam to see if we can receive confirmation on the figure and will update this story when we hear back.

Phoenix Age was founded in 2009 and has 44 employees in-house. Kabam has announced Phoneix Age will continue to operate in its current offices.

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