Respawn Entertainment, the development studio behind the Titanfall franchise, has been acquired by EA in a deal that could raise up to $315 million.
As announced by games company EA on their press blog, the deal to buy Respawn Entertainment involves a $151 million cash payment, and the possibility of up to $164 million in the form of restricted stocks for employees.
Until the end of the 2022 calendar year, the development studio will also have performance milestones that if hit will involve cash bonuses that will cap $140 million during this period.
Respawn Entertainment was founded over seven years ago by Vince Zampella and Jason West, who were originally part of Activision’s Infinity Ward studio best known for some of the Call of Duty games.
The company has so far released Titanfall and Titanfall 2, which were published by EA. Titanfall was an exclusive multiplayer game for the Microsoft consoles and PC, having been released in 2014. Two years later, Titanfall 2 came to both the Xbox One and PlayStation 4, also adding in a well-received single player campaign.
It’s understood that the studio is working on both a third-person Star Wars game, as well as a project for the virtual reality headset Oculus Rift.