BigWorld CEO resigns following $45m sale

The CEO of engine firm BigWorld has resigned following the sale of the company to World of Tanks developer Wargaming.net for $45m.

John De Margheriti, who helped found the technology outfit, is to step down later this week and will be replaced by co-founder Steve Wang, who will report to Wargaming.net.

The BigWorld exec also revealed that following the acquisition, the engine firm will be expanding into a larger office.

"I believe that BigWorld is a great fit for Wargaming, and the acquisition is a very smart move by this growing global giant,” said De Margheriti.

“They now have secured the best online games platform on the market, something that has taken my team and I over twelve years to develop. It will give Wargaming an unprecedented opportunity to provide their hard core audience an even more amazing experience.

“The acquisition will mean more jobs at BigWorld who are already planning to move to larger offices”

Following his resignation, De Margheriti will continue to offer consultancy services to Wargaming.net.