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Phoenix Labs Goes to Sea

Sea announces the acquisition of Phoenix Labs by Garena the Singapore-based internet company's entertainment arm. Here's word on the new home of Phoenix Labs, developer of Dauntless:
Sea Limited (NYSE: SE) (“Sea” or the “Company”), a leading global consumer internet company, today announced that its digital entertainment arm, Garena, has acquired Phoenix Labs, an acclaimed independent games development company and the studio behind the popular cross-platform co-op action RPG, Dauntless. The teams intend to work together to continue building Phoenix Labs’ world-class development team, supporting the growth of Dauntless, and exploring new opportunities in global markets and on mobile. The transaction closed in recent days.

Jesse Houston, CEO and co-founder of Phoenix Labs, said, “Our partners at Garena have been our most steadfast supporters since the early days of Phoenix Labs, and we are excited to join forces with a global games leader. With this next step, we’re able to ensure that we can provide the best possible experience for Dauntless players around the world. We’re extremely excited about what the future holds for Phoenix Labs, as we continue to support our ever-growing Dauntless community and explore future games.”

Forrest Li, Founder and Group Chief Executive Officer of Sea, said, “We couldn’t be happier to welcome Phoenix Labs to the Garena family. Over the last few years, we have watched Phoenix Labs mature into one of the best development teams in the business and launch a hugely exciting title in Dauntless. We also know that they share our mission of making great games, creating the best teams, and putting players first. Our skills sets are highly complementary, and we see many exciting opportunities ahead that our teams can explore together.”