PlanetSide developer Daybreak has been bought for $300m.

Enad Global 7 (EG7) agreed to buy 100 per cent of the shares in San Diego MMO specialist Daybreak Game Company for $300m, on a cash and debt free basis. The deal consists of a cash payment and newly issued shares in EG7.

EG7 is a Stockholm-based company that has so far focused on helping other game companies with marketing, publishing and distribution. It owns the budget publisher Sold Out and has worked with the likes of Team17, Rebellion and Frontier.

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The battle royale-focused sci-fi shooter PlanetSide Arena is intended to be the "stepping stone" to PlanetSide 3, its developers have said.

In a post on the PlanetSide 2 website, executive producer Andy Sites said PlanetSide Arena, which recently released in Early Access form, is designed to link present day PlanetSide 2 and PlanetSide 3 storylines and give the developers a platform to try out new features and styles of play.

While Sites failed to mention a release window for PlanetSide 3, he did say it'll expand from the current battlefields of Auraxis, "to full-fledged galactic war with empires exploring, colonising and conquering one another within an expansive galaxy."

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