Capcom has announced that its wholly acquired K2 Studios via a simple exchange of stock which is expected to be completed on May 1.
"K2 has a proven record as a reliable provider of game development services for Capcom. By making this company a wholly owned subsidiary, Capcom plans to make its game development activities more efficient and speedy," Capcom said in a statement. "Capcom also believes that pursuing a business strategy based on closer ties with K2 will help increase the value of the entire Capcom Group."
K2 is most famous for its Tenchu and Valhalla Knights IPs.
By Mike Bowden