Improbable Sells Its Gaming Unit MPG
Metaverse technology company Improbable has sold its gaming unit, The Multiplayer Group (MPG), to video game developer Keywords Studios for $97 million. MPG is renowned for its work on titles like Fallout 76 and Medal of Honor: Beyond and Beyond.
On this page
Metaverse technology company Improbable has sold its gaming unit, The
Multiplayer Group (MPG), to video game developer Keywords Studios for
$97 million. MPG is renowned for its work on titles like Fallout 76 and
Medal of Honor: Beyond and Beyond.
Some perceive this shift as Improbable's strategic move to reduce its
gaming footprint. CEO Herman Narula, however, counters this perception,
affirming the company's ongoing commitment to the gaming industry and
clarifying that the MPG divestiture aligns with broader strategic goals.
“We’re not in any way selling any technology, or in any way ceasing to operate with games companies,” Narula clarified.
However,
even with these assurances and backing from major investors like
SoftBank and Andreessen Horowitz, the company has recently reduced a
considerable number of its workforce and continues to offload some of
its holdings. Analysts at Rainmaker Securities have also observed a
waning investor interest in Improbable.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
