LIMBO Makers Pay Off Debt, Buy Back Company

August 31, 2011 -

Thanks to the success of its indie game LIMBO, Danish developer Playdead has made enough money to buy itself back from investors. The game was released on Xbox Live Arcade, followed by the PC and PlayStation Network. Limbo's development was funded out-of-pocket by Playdead founders Arnt Jensen and Dino Patti, along with some grant money from the Danish government. Later investors were brought in to get the money needed to get the games across various platforms. By buying the company back, Playdead's founders no longer need to worry about outside influences affecting their future direction.

That's good news for the company, who recently revealed in an Edge interview that their next game - which they describe as much more ambitious than LIMBO - is three years away from being complete. While having a clean balance sheet allows for freedom to developer whatever kinds of games they want, paying back your debts speaks volumes too - especially if the need ever arises to borrow money again..

On a related note, technology investment bank GP Bullhound advised company shareholders that the sale of the company back to its founders and management was a good idea. This is GP Bullhound's fourteenth transaction in the Digital Media sector since 2009.

Source: GamePro


 
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Wonderkarptransformers was so disapointing. I liked the first one because of the potential of the series, but then......ugh. shoot me now05/28/2015 - 1:52pm
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Andrew EisenDevin Faraci over at Birth.Movies.Death calls the Transformers movies "the worst successful franchise in the history of motion pictures." I was like "oh, come on!" but I realized I couldn't think of a successful franchise that's worse. Can you?05/28/2015 - 1:26pm
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Infophile@Wonderkarp. Yeah, that's ads. Some advertisers use a trick to open up an appstore address, which forces the phone to shift over to it. I wish providers would be more diligent about it, even if all they can do is punish offenders after it happens05/28/2015 - 10:33am
MechaCrashFor all your wounded pearl clutching and HOW DARE YOUing, you're sure quick to resort to schoolyard insults like the petulant child you are.05/28/2015 - 10:25am
MechaCrashI wasn't even trying to offend you. I just didn't care if I did, because you're a thin skinned hypocrite who routinely argues in bad faith.05/28/2015 - 10:23am
MechaCrashYeah, smearing everyone with a broad brush is your schtick. And also, I hate you.05/28/2015 - 10:22am
WonderkarpFudge, for some reason sometimes when I access Gamepolitics on my phone, it shoots me over too my app store. I think its the Ads05/28/2015 - 9:58am
WonderkarpI'm not perpetually offended. I'm an regular viewer of South Park. I have a problem with people saying gamergaters are school shooters. That and lets be honest. I dont like MechaRash05/28/2015 - 9:55am
Ivresse@MechaCrash: I'd like to refer you to the words of Stephen Fry: https://pbs.twimg.com/media/CGA3QGHW8AARsax.jpg05/28/2015 - 9:43am
Wonderkarpalright Fudge05/28/2015 - 9:27am
MechaCrashWhat good is being one of the perpetually offended if you don't make sure everybody sees just how offended you are?05/28/2015 - 9:02am
james_fudgeYou two can reasonably slug it out in the article in question if you want :)05/28/2015 - 8:59am
MechaCrashI wasn't expecting you to drag it into the shoutbox, either. Just when I think I have you pegged, you prove me only MOSTLY right.05/28/2015 - 8:55am
MechaCrashWhat argument? You made a joke in bad taste. I made a response joke in similar bad taste. And you are going berserk with...okay, not the flavor of HOW DARE YOU I was expecting (I thought you'd No True Scotsman, instead you dodged it entirely).05/28/2015 - 8:52am
Wonderkarpfyi, thats a self made "REDACTED" to make Mr Fudges life a little easier.05/28/2015 - 8:50am
Wonderkarphow is calling somebody out for being a [REDACTED] throwing a Tantrum? Is it cause you cant dispute my argument?05/28/2015 - 8:46am
 

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