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$8.5 Million spent by Starbreeze to buy the Bengaluru-based Halo 5 developers: Dhruva Interactive gaming company

By Madhu Majumdar | Dec 26, 2016 08:36 AM EST
8.5 Milliion dollars spent by Starbreeze to buy the  Bengaluru-based Halo 5 developers: Dhruva Interactive gaming company
(Photo : Getty Images/ Mark Ralston) The deal had struck when Starbreeze bough 90.5 % of Dhruva shares and became a part owner of the great company. According to StarBreeze Studios, they had acquired the shares at Dhruva by spending a total amount of 8.5 million dollars.

The growing relationships in every industry are something that everyone looks forward to. The deals and contracts made for the companies and people to join hands is always a progressive or a financial step towards success for both the parties.

The latest deal that has taken place, is in the gaming industry which consists of two major brand gaming publishers and developers. Starbreeze Studios is a company that has been known for its high production value, publishing games such as "Payday 2," "The Chronicles of Riddick: Escape from Butcher Bay" and "Brothers: A Tale of Two Sons." This company joined forces with an Indian game development company named Dhruva by buying the shares of the company and holding place with them as partners.

The deal had struck when Starbreeze bought 90.5 percent of Dhruva shares and became a part owner of the great company. According to StarBreeze Studios, they had acquired the shares at Dhruva by spending a total amount of 8.5 million dollars. They have given $7 million in cash and $1.5 million in the form of newly issued Starbreeze B-shares. This investment will prove to be incredibly beneficial to Starbreeze because of the high-quality graphics and game designs that Dhruva produces and publishes.

Dhruva has a line of success of its own for creating and developing incredible graphics and games. The Indian company was founded by K.Rajesh in1997 and is widely known for providing game development and gaming art production services to globally known companies. Some of their most famous gaming contributions have been "Halo 5," "Forza Horizon 3," "Mission impossible: Operation Surma" and "Terminator 3: Rise of Machines."

Based on news from NDTV, we know that the game development and publishing company of Dhruva will be undertaking different projects from its other partners and clients and continuing their work for the other games but they will be working in a big way with Starbreeze by providing a large amount of gaming art and development services.

As publishing partners, this duo, Starbreeze and Dhruva, is set to make amazing developments and enhancements in the gaming industry. It won't be a false statement to say that these companies together can create amazing games and entertain the entire gaming crowd because of the super exciting and high-quality gaming features.

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