Pearl Abyss sells CCP back to its CEO for less than half the purchase price

Hilmar Veigar Pétursson stands outside the CCP Games office in Reykjavik, Iceland, discussing the recent sale of the company back to him by Pearl Abyss.

The deal is reported to be valued at less than half of Pearl Abyss’s original investment, with an additional $20 million in cryptocurrency included in the transaction. This move has raised questions about the financial health of CCP Games and the strategic direction of Pearl Abyss, especially given the challenges faced by the gaming industry … Read more

CCP Games rebrands as Fenris Creations after sale from Pearl Abyss

Employees at Fenris Creations celebrate the company's rebranding with a banner unveiling at their headquarters, showcasing the new logo and brand identity.

The decision to rebrand comes as Fenris Creations aims to diversify its portfolio beyond the established EVE franchise, which has been a hallmark of CCP Games’ success. By distancing itself from the previous ownership, Fenris Creations hopes to foster a fresh image that resonates with both existing fans of the iconic EVE Online and potential … Read more