UK developer Bossa Studios has sold its intellectual properties to TinyBuild for $3 million.
In a release to investors, TinyBuild said that Bossa had parted ways with the likes of Surgeon Simulator, I am Fish and I am Bread for an upfront payment of $3 million. TinyBuild is taking over as developer on these IP as Bossa works on other projects. Of that total figure, $2.55 million is being made in cash, with the other $450,000 is being issued in stock.
Bossa says that it made $6 million from its IP in 2021 alone.
"Since early 2022, Bossa has been focused exclusively in the genre of co-op PvE," Bossa co-founder Henrique Olifiers (pictured) said, according to GI.biz.
"We have been prototyping a lot, and now find ourselves in full production of titles we are pouring our hearts and souls into. This brought us to the question of how best to take care of our legacy, our existing games, and how to ensure they have a future of their own. Together with TinyBuild, we found a path that allows Bossa to dedicate its full attention to its new projects, while ensuring Surgeon Simulator, I Am Bread and I Am Fish have a new home that understands what makes these games tick as well as we do."
TinyBuild has also bought Russian studio Konfa Games for $5.4 million.
TinyBuild CEO Alex Nichiporchik added: "We continue investing into expanding our portfolio of own IP and today's deals are a unique opportunity to bring both Konfa's talented team of developers in-house and to add the amazing Bossa intellectual property to the tinyBuild portfolio. Alongside our existing titles, it allows us to maximize our long-term revenue potential, as well as gives our internal teams more established IP to choose from when considering next projects."