Soedesco buys Bulgarian developer Kyodai

Date Type Companies involved Size
September 7th, 2023 acquisition Soedesco Not disclosed
Soedesco buys Bulgarian developer Kyodai

Dutch publisher Soedesco is acquiring Bulgarian game developer Kyodai.

In a post on its website, the company revealed that it was buying 100 per cent of the studio's shares. Kyodai is best-known for sci-fi adventure romp Elea, which was released back in 2019 and published by Soedesco. The developer is currently working on Truck Driver: The American Dream.

No figure has been put on the deal.

“We’ve had a strong partnership with Kyodai since 2017 and I couldn’t be more thrilled to officially welcome them to the Soedesco family,” Soedesco founder and CEO Soedesh Chauthi said.

“This is the next step in our strategy to expand the development capacity of Soedesco as we continue to operate on a worldwide scale. Kyodai is filled with many talented and creative people. We understand how vital creative integrity is to the studio and we look forward to supporting them as they continue to grow."

Kyodai CEOs and founders Todor Todorov and Ivaylo Koralsky added: "In Soedesco, we have discovered a partner that wholeheartedly supports our mission and is dedicated to propelling our vision of crafting impactful entertainment experiences. This commitment to creative independence resonates deeply with Kyodai's core values. Our dedication to fostering a collaborative and conducive working environment remains unwavering, as we strive to produce captivating and pioneering games."

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Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.