Krafton Acquires Eleventh Hour Games

KRAFTON Acquires Eleventh Hour Games (Last Epoch)

July 26, 2025

Media & Entertainment

KRAFTON has acquired 100% of Eleventh Hour Games, the developer of action RPG Last Epoch, for an initial consideration of USD 96 million. The deal secures the Last Epoch IP and gives Eleventh Hour access to KRAFTON’s resources to scale development (including console ports), expand seasonal content, and support the studio’s live-service roadmap while preserving its creative leadership.

East11 Ventures Acquires Kronologic

August 7, 2024

AI & Machine Learning

East11 Ventures, the private equity arm of Austin-based East11 Ventures, has acquired Kronologic, an Austin-headquartered provider of AI-driven schedule orchestration for B2B sales teams. The acquisition will keep Kronologic headquartered in Austin and aims to accelerate product development and company growth through East11’s capital and operational support.

Daybreak Games Acquires Cold Iron Studios

August 11, 2020

Media & Entertainment

Daybreak Games has acquired Cold Iron Studios, the San Jose-based developer working on a PC and console game set in the Alien universe. Cold Iron will operate independently under co-founder Craig Zinkievich and receive publishing, marketing, tech and operational support from Daybreak; terms were not disclosed.

Microsoft to Acquire ZeniMax Media (Bethesda Softworks)

September 21, 2020

Media & Entertainment

Microsoft announced plans to acquire ZeniMax Media, the parent company of Bethesda Softworks, for $7.5 billion in cash. The deal brings an extensive portfolio of game franchises and multiple development studios (over 2,300 employees across the group) into Microsoft’s Xbox business and will add Bethesda’s future games to Xbox Game Pass.

Pole To Win (PTW) Acquires Ghostpunch Games for $13M

August 28, 2024

Media & Entertainment

Pole To Win (PTW) has acquired Florida-based game developer Ghostpunch Games in an all-cash $13 million deal to expand PTW's co-development capabilities and introduce AI-based QA automation offerings. Ghostpunch — founded in 2015 with over 60 employees and clients including EA, Gearbox, Bethesda and 2K — will operate as PTW Fort Lauderdale with several Ghostpunch leaders moving into PTW roles; the deal is expected to close in early September.

Epic Games Acquires Harmonix

November 23, 2021

Media & Entertainment

Epic Games has acquired independent game studio Harmonix, the developer behind Rock Band and Dance Central, to integrate immersive music experiences into Fortnite and support Harmonix’s existing titles. The Harmonix team will collaborate with Epic to develop musical journeys and gameplay for Fortnite as Epic advances its metaverse strategy.