Korean Pearl Abyss, maker of Black Desert Online, just announced it had acquired Icelandic CCP, maker of Eve Online. CCP will continue to operate as an independent studio with operations in Reykjavik, Shanghai, and London. The sale price is $425m.

Pearl Abyss CEO Robin Jung stated, “We are thrilled to have CCP Games join our team as Black Desert Online continues to branch out globally. CCP is a seasoned publisher with over 15 years of digital distribution experience and know-how.”

Rumours around the inevitable sale of CCP have regularly surfaced, with the most recent and public rumour being when someone leaked to (or placed) Bloomberg news that the company was eyeing a sale.

“I have been seriously impressed with what Pearl Abyss has achieved ever since I first visited their website for Black Desert Onlineand subsequently became an avid player of the game,” said CCP Games CEO Hilmar Veigar Pétursson.

“Pearl Abyss is a fast-growing company with lots to offer in terms of technology, capability and vision. I believe our two companies have a lot to learn from each other. We are very excited to join forces with them and achieve great new heights for our companies, our games and – above all – our players.”

This acquisition is, in nominal value at least, the biggest acquisition in Iceland’s tech history. The next one in line would be Amgen’s $415m purchase of Decode in 2012.