nDreams, one of the largest PSVR2 developers, has been acquired for $110 million

Virtual reality has a few major players, and a development company called nDreams is one of them. Having released several popular VR games across different platforms, the studio was acquired for around $110 million.

The buyer is Aonic, a “diversified video game group” that previously invested $35 million in nDreams for a minority stake. With this acquisition, it has now purchased the entire team, joining other developers such as Warren Spector’s OtherSide Entertainment, Milky Tea, and TutoTOONS.

nDreams is the company behind many popular PSVR2 and PSVR games, including Fracked, Synapse, and Ghostbusters: Rise of the Ghost Lord. The Aonic acquisition “will facilitate nDreams’ future investments in third-party publishing, and potentially further studio acquisitions,” the press release said.

Patrick Oluwanai, CEO of nDreams, commented on the move, saying: “We founded nDreams in 2006, pivoted to focus exclusively on VR gaming in 2013, and are proud of everything we have achieved as an independent company.” He says. “After 18 months of working together, we are confident that we have found the right partner in Aonic. This is the right moment to welcome their support to further strengthen our position, seizing this defining moment for VR and… [mixed reality]”.

So, it all looks very positive, although we hope that Aonic is watching the collapse of Embracer Group and learning some lessons there. Anyway, what do you think of this news? Tell us in the comments section below.

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