Canadian studio turns publisher as it bids £2m for Lighthouse

MCV Staff 28th April 2008 Publishing

Canadian developer SilverBirch has announced plans to buy Netherlands-based publisher Lighthouse in a deal worth around CAD $4m (close to 2m).

In an official announcement the deal, Silverbirch described the move as the "first step in SilverBirch’s stated strategy of building an integrated video game company. The acquisition will improve the fundamentals of SilverBirch by adding to both revenues and profitability of the company."

"The strategic significance of expanding into publishing can’t be overemphasized," commented Derek van der Plaat, SilverBirch CEO. "Being a developer and a publisher will allow us to further diversify our revenue streams and capture a greater proportion of the video game industry value chain."

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