In a deal financed by Arkenstone Investment, APB Reloaded creator Reloaded Games has merged with its parent company, K2 Network. The new company will operate under the Reloaded Games name.
"This merger represents the beginning of a new era for the company, as we evolve our two core businesses," said Reloaded Games CEO Bjorn Book-Larsson. "We have already signed contracts with independent developers to use our platform and portal for their free-to-play game distribution. We will announce those agreements in the next couple of weeks."
The merger is an attempt to change the focus from K2 Network's old business model of importing Korean games to operating cross platform MMOs like Taikodom and Hailan Rising. Funding for the deal came from Arkenstone Investment, which is managed by Cascade Finance Partners.
"We think we have found one of the most driven, experienced and passionate management teams in the online game space and we look forward to further innovations from a team that has proven amazingly resilient through the enormous changes rocking the game industry today," added Cascade Finance's Howard Brand.
Source: GamesIndustry International