Kakao Games acquired a 30.37% stake of the MMORPG ODIN: Valhalla Rising

The European subsidiary of Kakao Games has signed a contract to acquire approximately 30.37% stake in Lionheart Studio, known from the MMORPG ODIN: Valhalla Rising. Through these investments, they plan to strengthen their competitiveness in the global market.

ODIN VALHALLA RISING Community – https://discord.gg/uqwXbz3

Kakao Games has also confirmed that it will become the publisher for the western version of ODIN: Valhalla Rising. As a reminder, the original Korean version, released in June 2021, is also being distributed by this company.

“We are delighted to have the opportunity to continue growing with Lionheart Studio, which has excellent development capabilities and talents. We will build a close relationship between the two companies so that we can demonstrate good service not only in Korea, but also in the global market, ”

said Kakao Games CEO Jo Ge Hyun.

Kakao Games signed its first partnership agreement with Lionheart Studio in August 2018. After that, in May 2020, additional strategic investments were made, and in June 2021, the multiplatform MMORPG Odin: Valhalla Rising was introduced to the domestic market, where it gained popularity in the early days.