Gameplay from the hit game Fall Guys by Mediatonic.
LONDON – The developer of Fortnite Epic Games has agreed to acquire Tonic Games Group, the British company behind the hit video game Fall Guys.
Fall Guys became an instant hit when it launched last summer, attracting millions of players within a month of its release. The game sees up to 60 people playing as jelly beads, racing to cross a series of candy-colored obstacles to win crowns, a currency in the game that players then use to purchase cosmetics.
He was greatly helped by the wave of video game search during the coronavirus pandemic. The Epic deal comes amid numerous acquisitions in the gaming industry. Last year, Microsoft agreed to buy the iconic gaming group Bethesda for $ 7.5 billion, while EA recently completed the takeover of British racing game maker Codemasters for $ 1
“It’s no secret that Epic is investing in building the meta version and Tonic Games shares that goal,” he said. Tim Sweeney, founder and CEO of Epic in a statement. “As Epic works to build this virtual future, we need a great deal of creative talent who knows how to build powerful games, content and experience.”
The financial terms of the deal were not disclosed.
Fortnite and Fall Guys are similar in the sense that they both fall into the popular Battle Royale genre, which in itself is popular for Fortnite’s huge success. Since its release in 2017, Fortnite has gathered more than 350 million players. This attracted the attention of well-known investors such as Sony, which invested $ 250 million in Epic last year. The company was last valued at $ 17.3 billion.
At the same time, Epic became embroiled in a tense legal battle with Apple over the policies of the iPhone maker’s app store. Last year, Epic released a version of Fortnite in the Apple App Store, which includes a method for users to make purchases in the app without giving Apple the usual 30% discount. Apple subsequently removed the Fortnite app and Epic sued Apple later in the day.