Bigpoint Acquired by Chinese Publisher Youzu - News
by William D'Angelo , posted on 22 March 2016 / 3,999 Views
Youzu Interactive, the Chinese publisher, has agreed to acquire Bigpoint by purchasing all of the available stock.
The deal has to make it through the Chinese acquisition process before the deal is official. If it makes it through the process the deal will be completed on April 16th.
"With this collaboration, Bigpoint begins the next chapter in its history focused exclusively on the quality of titles published," said Bigpoint CEO Khaled Helioui. "With the support of Youzu, we will be able to further invest in our talent, the amazing experiences they create and the reach of our games."
Bigpoint was founded in 2002 and grew to over 800 employees by 2011. However, once it plans to expand in the US didn't work out, it was forced to lay off 120 employees in 2012. The LinkedIn page for the company lists between 201 and 500 employees.
Thanks GamesIndustry.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
