Sponsored By

Superscape Announces Strategic Review, Possible Sale

Mobile game developer Superscape has announced it is instituting a strategic review of the company, and may even be mulling accepting a buy-out, following recent disappoi...

Simon Carless, Blogger

July 15, 2005

1 Min Read
Game Developer logo in a gray background | Game Developer

Mobile game developer Superscape has announced it is instituting a strategic review of the company, and may even be mulling accepting a buy-out, following recent disappointing news on revenues. A statement from the company, which develops 2D and 3D mobile games based on properties such as Alien versus Predator, AMF Bowling, and Fight Club, indicated: "The directors are currently considering all of the strategic options available to the company, including a sale." Recent rumors have linked publishing giant Electronic Arts to interest in the company, although with the EA name currently circling around multiple players in the mobile space, it's unclear which, if any of the reports are true. Superspace did raise the ire of the UK financial markets recently, however, by raising UKP20 million ($35 million) in an open share placing, and then almost immediately warning on profits for the year, commenting: "Whilst the revenue for the year ending 31 January 2006 is expected to significantly exceed that for the year ended 31 January 2005, it will be lower than originally expected." This profit warning reduced the company's shares as low as 20p ($0.35), but following the EA rumors and this latest news, latest trading saw the shares for the firm, which has has corporate offices in Hook, Hampshire, UK and San Clemente, California, together with development and production facilities in Moscow, rebounding back to 30p ($0.52).

About the Author

Simon Carless

Blogger

Simon Carless is the founder of the GameDiscoverCo agency and creator of the popular GameDiscoverCo game discoverability newsletter. He consults with a number of PC/console publishers and developers, and was previously most known for his role helping to shape the Independent Games Festival and Game Developers Conference for many years.

He is also an investor and advisor to UK indie game publisher No More Robots (Descenders, Hypnospace Outlaw), a previous publisher and editor-in-chief at both Gamasutra and Game Developer magazine, and sits on the board of the Video Game History Foundation.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like