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