News
Canadian studio turns publisher as it bids £2m for Lighthouse
Michael French Apr 28 2008, 3:58pm
SilverBirch becomes an ‘integrated video game company’ by buying out Dutch firm
Canadian developer SilverBirch has announced plans to buy Netherlands-based publisher Lighthouse in a deal worth around CAD $4m (close to £2m).
In an official announcement the deal, Silverbirch described the move as the "first step in SilverBirch's stated strategy of building an integrated video game company. The acquisition will improve the fundamentals of SilverBirch by adding to both revenues and profitability of the company."
"The strategic significance of expanding into publishing can't be overemphasized," commented Derek van der Plaat, SilverBirch CEO. "Being a developer and a publisher will allow us to further diversify our revenue streams and capture a greater proportion of the video game industry value chain."
For the full story, visit MCV sister site Develop.
