TrionWorlds reportedly sold to Gamigo

[Tainted Galaxia]

and a possibility Trion's games are going to shutdown?

[Tubbons]

Yes, very high.

[Trans Tomboy]

i mean, one ♥♥♥♥ company bought out another ♥♥♥♥ company..... anything could happen, but yea.... wouldnt be shocked if trove got scrapped. hoping it gets sold to a compotent company. trove hasnt been a good game in a long while.

[gay moth aunt]

don't worry i'm sure the community rep will call the new buyer toxic and ban them

[VinchenzoTheJackal & Shoon]

My understanding is while Trion was sold to Gamigo, and most of the Trion staff is gone, a small portion of the Trion staff still works and has jobs working on Trove.
Trove doesn't sound like its gonna be scrapped at the moment. It doesn't sound like it will outright die.
But it will be a difficult transition time due to the extreme loss of staff. Of course, Trove could get better, or worse, depending on how the new company Gamigo takes control.
We should all at least give the new company a chance, and be understanding of any difficulties that might arise by the switch of company.
I've spent much money on this game long ago. If I get a good job soon, which I might, I'll be spending more money on this game. This would make it a waste if they were to shut down the game.
I'm not the only person willing to spend $20 every now and then on this game. I'm sure the income matters to the company buying. Otherwise, Gamigo are shutting down a perfectly good game that can make them money, which is stupid and bad business sense.

[Purrz]

There are no plans to shut down any trion games but considering whatever Gamigo touches just turns to dust its... very probable the games wont last long afterwards. and gamigo's most popular game under the aeriagames has only 200 ppl or so online so xd

[N3tRunn3r]

Sources:
EN - https://corporate.gamigo.com/en/presse/gamigo-ag-acquires-us-publisher-and-game-developer-trion-worlds-inc/

DE - https://corporate.gamigo.com/presse/gamigo-ag-erwirbt-us-publisher-und-spieleentwickler-trion-worlds/

DE - http://mobile.dgap.de/dgap/News/adhoc/gamigo-uebernahme-des-spiele-unternehmens-trion-worlds-zur-weiteren-staerkung-ihrer-marktposition-spielemarkt/?newsID=1103181

Trove Forums:
http://forums.trovegame.com/showthread.php?136863-Trion-Worlds-Acquisition-Announcement&p=811498&posted=1#post811498

>>> https://tinyurl .com/yal6fhsq

gamigo AG acquires US-Publisher and Game Developer Trion Worlds Inc.

    gamigo extends its games portfolio by acquiring leading US publisher and game developer Trion Worlds, Inc.
    Successful integration will strengthen gamigo AG’s position as a leading European and American gaming company
    Through substantial synergies with the group’s existing business, the Trion Worlds acquisition harbours potential for significant increase in revenue and EBITDA

Hamburg, October 23, 2018 – The gamigo AG („gamigo Bond“ WKN: A2NBH2 / ISIN: SE0011614445) has acquired major assets from Trion Worlds Inc., a leading US gaming company with offices in Redwood City (California) and Austin (Texas) and has as publisher and developer of online and console MMO-games, well-known games such as Rift, Defiance, Trove and ArcheAge in its portfolio. Trion was acquired via an “Assignment for the Benefit of the Creditors” process, in which the buyer only buys those assets, with which he wishes to continue the business. In this process, gamigo group acquired the majority of the assets, including the platform, takes over employees to operate the business and gets the full publishing rights of the games. The IP’s of the Trion Worlds games have been acquired by gamigo’s sister company Padmapani GmbH and are made available for gamigo group, worldwide and exclusive.

“The successful acquisition and subsequent integration of Trion into our portfolio substantially strengthen gamigo’s position in the European and American gaming market. On the one hand, we add similar and successful brands and games to the already broad gamigo portfolio, on the other hand, we are looking to unlock substantial synergies with the group’s existing business to further benefit from the remarkable growth potential that the gaming market offers.”, comments gamigo’s CEO Remco Westermann.

Through the acquisition of Trion, gamigo’s management expects additional revenues of over USD 18 million and an additional EBITDA of USD 1 to 4 million for 2019. This estimate depends on the success of the restructuring and integration of Trion and is mainly based on potential economies of scale and synergies. The exploitation of economies of scale and synergies is an elementary part of the gamigo strategy and has been proven several times in acquisitions in the past.

About gamigo AG

Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 250 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Ger-many), Warsaw (Poland), Istanbul (Turkey), Chicago (USA) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Aura Kingdom, Desert Operations, Dragon’s Prophet, Echo of Soul, Fiesta Online, Goal One, Last Chaos, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer

This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of gamigo and its affiliated companies and the estimates given here. Neither gamigo nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

For further information, please contact
Gamigo AG
Public and Investor Relations
Email: [e-mail]

Issuer
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
Email: [e-mail]
Web-Page: www.gamigo.ag

[Viroks]

More donations, no new content... So bad, I love trove developers... I see, trove is dead with new developers