Perhaps the first major takeover in 2011, Korean developer and publisher
Joymax has bought over IO Entertainment, the developer of Lost Saga and
Survival Project. Joymax itself was subjected to a takeover by Wemade Entertainment last year. Joymax is pushing for a revival recently, canceling 2 of their under-performing games
and trying to diverse out of their main title, Silkroad Online. The
takeover of IO Entertainment is 100% and apparently worth around USD
16.7mil, with the studio now wholly-own by Joymax. Lost Saga is
currently a popular global game with various different versions, aiding
IO Entertainment's finances by 200% last year and an increment of 150%
global players.
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