BANDAI NAMCO Entertainment Europe announces the acquisition of a minority stake in Limbic Entertainment. Word is the deal was actually struck at the end of last year:

BANDAI NAMCO Entertainment Europe (BNEE) today announced the acquisition of a minority stake in German development studio Limbic Entertainment effective December 30, 2020. This news follows the acquisition of Reflector Entertainment in September 2020.

In order to achieve one of its key priorities of creating and owning more IPs, BNEE announced that it has acquired a minority stake in German developer Limbic Entertainment. The studio, comprised of more than 80 employees, will leverage its expertise working on titles such as Tropico 6, Memories of Mars, and the Heroes of Might & Magic brand to develop two brand new franchises for BNEE.

"There was a natural fit from the moment we first met the BNEE team. This collaboration gives us the support, capabilities, and resources to continue to develop and grow our studio,” commented Stephan Winter, CEO of Limbic Entertainment GmbH, “We are excited for the next chapter of Limbic Entertainment and couldn’t be more thrilled to share the journey with BNEE as we work together on two fantastic new projects.”

“We are happy to announce our partnership and acquisition of a minority stake in Limbic Entertainment. The seasoned teams have shown their talents in the past on the various titles they have been working on, with Tropico 6 being their latest success. They will be working on two new franchises,” said Arnaud Muller, Chief Operating Officer, BANDAI NAMCO Entertainment Europe. “Limbic Entertainment fits perfectly within the strategy we set out for BANDAI NAMCO Entertainment Europe a few years ago and allows us to keep growing the output of new IP from studios tied to BNEE.”