Paradox Interactive buys out Harebrained Schemes

Paradox Interactive has announced an agreement to acquire all of the shares of Harebrained Holdings Inc, which owns Harebrained Schemes, LLC.

It was purchased at a price of 7.5M USD at the time of purchase. It’ll be set on June 7th, 2018. Harebrained Schemes was founded in 2011 with industry veterans Mitch Gitelman and Jordan Weisman. They created eight titles in seven years, which includes the recent BATTLETECH which was a collaboration between Paradox Interactive and Harebrained Scheme. The team then understood the possibility of further collaboration with Paradox which could bring them more success, and thus the decision was put into motion.

Harebrained Scheme will still operate with their own internal management and creative teams developing the games they know how to do well. They’ll merely be a new division of Paradox Interactive which will let them get distribution and business experts on board with some financial and professional support.

Paradox Interactive is a global pioneer in the development of PC strategy games that date back to 1999. They’ve created games like Crusader Kings, Europa Universalis, Pillars of Eternity, and Cities: Skylines. And they did it just by partnering with various studios just like Harebrained.

There will be a Q&Afeatureing Weisman and Fredrik Wester, CEO of Paradox Interactive, on their Twitch channel in the near future. Stay tuned for more games.

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