Icelandic Game Developer CCP to Be Acquired by Management Team

In a significant development for the Icelandic tech industry, the management team of CCP, the renowned developer behind the space-based massively multiplayer online role-playing game Eve Online, has reached an agreement to purchase the company. This move marks a return to Icelandic ownership after CCP was acquired by South Korean gaming giant Pearl Abyss in 2018. The current sale, valued at approximately $120 million USD (nearly 15 billion ISK), represents a strategic shift for the company. Pearl Abyss had initially acquired CCP for a potential $425 million USD, but conditions were not met, resulting in a final purchase price of $225 million USD. Hilmar Veigar Pétursson, the founder and CEO of CCP, is expected to be among the key figures in the management buyout. This acquisition is particularly noteworthy for Iceland, as CCP has been a flagship company in its burgeoning technology sector, known for its innovative and long-standing game, Eve Online, which was first released in 2003. The return of control to local management is likely to be viewed positively within Iceland, emphasizing a commitment to nurturing domestic tech talent and preserving the company's unique identity.

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Stjórnendur íslenska tölvuleikjafyrirtækisins CCP hafa komist að samkomulagi um kaup á fyrirtækinu.