Lisias Posted January 11 Share Posted January 11 (edited) On 1/10/2025 at 9:44 PM, Skorj said: Sorry to say, Haveli does indeed seem to be a scrapyard for old tech companies. Nope - unless we have a different concept about what's a scrapyard. They had bought stakes of two gaming companies already: Candivore: US private equity firm Haveli Investments, L.P. has acquired a minority interest in Israeli mobile games company Candivore for USD100 million. Texas-based Haveli says it will fund the transaction from Haveli VC Gaming Fund I, L.P. Founded in 2018, Tel Aviv-based gaming studio, Candivore, is best known as the developer of Match Masters, a competitive match-3 puzzle game, which has generated more than USD300 million in revenue to date. Behaviour Interactive: In early 2022, Behaviour Interactive Inc. (“Behaviour”) entered into an investment agreement with NetEase Interactive Entertainment, an existing shareholder, and Haveli Investments, a new investor, pursuant to which a minority stake of Behaviour was acquired. This equity financing will allow Behaviour’s continuous growth, including through acquisitions. Behaviour, headquartered in Montreal, is Canada’s largest independent game developer, employing more than 1,000 talented people, with over 200 games released since their beginnings in 1992. And now they own their own Game Publisher company. To me it's obvious these guys are expanding into gaming business. On 1/10/2025 at 9:44 PM, Skorj said: I see from their announcements that they even acquired the corpse of Veritas Software (I used to work there when tape backup was important). They do seem to try to eek out some value from their acquisitions, not just resell them, so there's that. Given their acquisitions on the gaming industry, they are expanding into the gaming business - they, right now, have stakes on two game studios (one mobile and other desktop/console.portable) and now they own their own Game Publisher. This is way beyound just harvesting corpses. This is investment on the productivity chain. Keep in mind that these ex-Annapurna Interactive guys, they have a huge network. They are going to leverage that for sure - otherwise, why bother striking a deal with these guys? Keep in mind that they left Annapurna in September, more or less at the same time Haveli should be striking the deal with TTWO. So Haveli didn't hired a bunch of unemployed professionals, they literally yanked them from Annapurna - what's more costly than just looking for good enough professionals available in LinkedIn. You don't need seasoned (and well reputable) professionals to sell scraps. On 1/10/2025 at 9:44 PM, Skorj said: As SZ noted, they're probably behind the licensing deal with Estes rockets. Selling merchandising can be very lucrative. This thing manages to sell enough, they will have reasons to invest back into KSP. Anyone on the toy business in the 80s and 90s knows very well that He-Man, GI-Joe, Transformers et all weren't really meant to be lucrative on TV syndication, they were meant to sell toys. And boy, toys they sold. This is going to work? Dunno. But all the evidences suggest they are going to try. On 1/10/2025 at 9:44 PM, Skorj said: EDIT: wait, I can see it now: a new collaboration between Kitten Space Agency and Stray: from the streets to the stars, Strays in Spaaaaaaceeee You know... This is not a bad idea at all - what would be the life of a stray cat on a Mars Colony? Or perhaps, Aliens from the point of view of the cat? Edited January 19 by Lisias The the they outlaw tyops will precede the day I will go up the river... Quote Link to comment Share on other sites More sharing options...
PDCWolf Posted January 11 Author Share Posted January 11 11 hours ago, Lisias said: Nope - unless we have a different concept about what's a scrapyard. They had bought stakes of two gaming companies already: Candivore: US private equity firm Haveli Investments, L.P. has acquired a minority interest in Israeli mobile games company Candivore for USD100 million. Texas-based Haveli says it will fund the transaction from Haveli VC Gaming Fund I, L.P. Founded in 2018, Tel Aviv-based gaming studio, Candivore, is best known as the developer of Match Masters, a competitive match-3 puzzle game, which has generated more than USD300 million in revenue to date. Behaviour Interactive: In early 2022, Behaviour Interactive Inc. (“Behaviour”) entered into an investment agreement with NetEase Interactive Entertainment, an existing shareholder, and Haveli Investments, a new investor, pursuant to which a minority stake of Behaviour was acquired. This equity financing will allow Behaviour’s continuous growth, including through acquisitions. Behaviour, headquartered in Montreal, is Canada’s largest independent game developer, employing more than 1,000 talented people, with over 200 games released since their beginnings in 1992. And now they own their own Game Publisher company. To me it's obvious these guys are expanding into gaming business. Given their acquisitions on the gaming industry, they are expanding into the gaming business - they, right now, have stakes on two game studios (one mobile and other desktop/console.portable) and now they own their own Game Publisher. This is way beyound just harvesting corpses. This is investment on the productivity chain. I see moves like this, and you'll -have- to forgive me for instantly thinking of Embracer Group. Quote Link to comment Share on other sites More sharing options...
boolybooly Posted January 11 Share Posted January 11 11 hours ago, Lisias said: right now, have stakes on two game studios (one mobile and other desktop/console.portable) and now they own their own Game Publisher I agree it looks strategic, as if aiming for a slice of the estimated half a trillion income projected for the gaming market in the next few years. Strategies can change which is how we got into this situation. The real question is will they pick devs who have a feel for KSP and will they keep them funded? Quote Link to comment Share on other sites More sharing options...
Lisias Posted January 11 Share Posted January 11 (edited) 5 hours ago, PDCWolf said: I see moves like this, and you'll -have- to forgive me for instantly thinking of Embracer Group. I think is more likely Apollo Global inc deciding to buy Embracer instead. Haveli is too small to make profits this way. The current portfolio suggests they bought things they need to accomplish something. 4 hours ago, boolybooly said: The real question is will they pick devs who have a feel for KSP and will they keep them funded? Right now I'm counting our blesses. The only empirical evidences we have is that they plan to keep us alive. These ex-Annapurna guys are still wetting their feet on this mess. Edited January 11 by Lisias Entertaining grammars made slightly less entertaining. Quote Link to comment Share on other sites More sharing options...
PDCWolf Posted January 11 Author Share Posted January 11 35 minutes ago, Lisias said: Haveli is too small to make profits this way. The current portfolio suggests they bought things they need to accomplish something. Still not sure what, since they bought a publishing label and hired people from another publishing label. It's easy to infer titles with developers already working on them (like the gamefreak project) would continue as they were before this, but KSP2 was killed before that. 37 minutes ago, Lisias said: Right now I'm counting our blesses. The only empirical evidences we have is that they plan to keep us alive. And alive isn't as clearly defined as it should yet. The game is still dead, the forum is once again throwing 504s. Quote Link to comment Share on other sites More sharing options...
Lisias Posted January 11 Share Posted January 11 11 minutes ago, PDCWolf said: the forum is once again throwing 504s. And this something I find incredibly interesting, I would love having access to their NGINX (and ClouudFlare) logs. Quote Link to comment Share on other sites More sharing options...
RedAl1en1 Posted yesterday at 08:13 PM Share Posted yesterday at 08:13 PM On 1/8/2025 at 10:22 AM, Lisias said: they can build KSC in full scale and make it a water park if they want. I need this! Quote Link to comment Share on other sites More sharing options...
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