business

Price of CCP not to include $200 million earn out due to delay in Chinese gaming permits

Price of CCP not to include $200 million earn out due to delay in Chinese gaming permits

The Icelandic video game developer CCP was sold to the South-Korean company Pearl Abyss at $225 million, which is $200 million lower than the maximum agreed price in the purchase contract. This was first reported by Viðskiptablaðið. Pearl Abyss bought CCP in 2018 for $225 million, but agreed to pay

Grid team

GRID to launch in late March

GRID, the SaaS startup that wants to revolutionize how people work with data and numbers, announced on Thursday that it would launch its product in a few weeks time, but GRID has been running a Beta program since November 2019. “In late March, our Beta-baby will be officially grown up

Teatime Games to close

Teatime Games to close

Teatime Games, the Icelandic startup that is best known for a hit mobile game called Trivia Royale, has ceased operations. According to Thor Friðriksson, one of Teatime’s founders, the revenue stream from the company’s products hasn’t proved sufficient and talks regarding further funding have broken down. Teatime

A new Arena for eSports to open this summer

A new Arena for eSports to open this summer

A high-rise building in Kópavogur will soon host a national arena for eSports in Iceland. Earlier this month plans were unveiled to open up an eSports arena, which will be called Arena. In a press release from Arena it is stated that the new facilities in Kópavogur will transform the