Team17 Buys Hell Let Loose and The Label

Team17 announces the acquisition of the Hell Let Loose IP as well as independent publisher The Label. Word is the two deals are worth between USD$66 million and $100 million:
Team17 Group PLC said Thursday that it has bought Hell Let Loose for up to 46 million pounds ($62.4 million) and The Label for up to $40 million.

The U.K. videogame developer said the deal for Hell Let Loose, an existing Team17 Games Label third-party title, is for an initial consideration of GBP31 million and an earn out consideration of up to GBP15 million. The initial consideration will be satisfied through GBP19.75 million in cash and the issue of 1.5 million shares.

The acquisition of U.S.-based independent games publisher The Label is for an initial consideration of $24.0 million, with additional earnout of up to $16.0 million over the next three years. The initial consideration will be satisfied through a combination of $18.0 million in cash and the issue of 604,543 shares.
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Re: Team17 Buys Hell Let Loose and The Label
Jan 6, 2022, 14:29
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Re: Team17 Buys Hell Let Loose and The Label Jan 6, 2022, 14:29
Jan 6, 2022, 14:29
 
I don't have anything useful to say other than it's cool Team17 is still around.
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Re: Team17 Buys Hell Let Loose and The Label
Jan 6, 2022, 18:16
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Re: Team17 Buys Hell Let Loose and The Label Jan 6, 2022, 18:16
Jan 6, 2022, 18:16
 
I bet they are regretting dropping Ready Or Not just before it went early access and has been top of the Steam sales in North America for a few weeks.
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Re: Team17 Buys Hell Let Loose and The Label
Jan 6, 2022, 19:22
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Re: Team17 Buys Hell Let Loose and The Label Jan 6, 2022, 19:22
Jan 6, 2022, 19:22
 
Donkey_Punch wrote on Jan 6, 2022, 18:16:
I bet they are regretting dropping Ready Or Not just before it went early access and has been top of the Steam sales in North America for a few weeks.

Whoever owns the SWAT franchise is probably regretting not making a SWAT5 too. A friend of mine bought Ready or Not yesterday and told me it was good, so I caved and got it. We played coop for about 6 hours straight. It needs a bit of tweaks to the AI and some sound balancing. Not all of the maps and game modes are done, but what's there is pretty damn good.
"The only way anyone can live in peace is if they're prepared to forgive." - The Doctor
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Re: Team17 Buys Hell Let Loose and The Label
Jan 6, 2022, 19:56
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Re: Team17 Buys Hell Let Loose and The Label Jan 6, 2022, 19:56
Jan 6, 2022, 19:56
 
MeanJim wrote on Jan 6, 2022, 19:22:
Whoever owns the SWAT franchise is probably regretting not making a SWAT5 too.

I'm assuming Activision since they merged with Vivendi Universal.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
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Re: Team17 Buys Hell Let Loose and The Label
Jan 7, 2022, 00:11
Jivaro
 
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Re: Team17 Buys Hell Let Loose and The Label Jan 7, 2022, 00:11
Jan 7, 2022, 00:11
 Jivaro
 
Is Team17 cashing in on Worms mobile games? Is that where all this cash is coming from?
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