Pearl Abyss sells CCP back to its CEO for less than half what it paid, plus $20 million in crypto

Pearl Abyss is selling EVE Online developer CCP Games back to its CEO Hilmar Veigar Pétursson for $100 million in cash plus rights to acquire $20 million in blockchain tokens — less than half the $225 million cash price it paid in 2018. The sale follows failed diversification attempts and a shift in Pearl Abyss's strategic priorities. CCP confirmed the ownership change will not affect its teams, products, or development plans. The crypto tokens are linked to Eve Frontier, a blockchain survival game that raised $40 million in 2023. Pearl Abyss has meanwhile found major success with Crimson Desert, which has sold over five million copies.