Toge Productions has acquired fellow Indonesian-based group Tahoe Games in a deal valued at 4 billion rupiah (RM1.1 million).
This marks the first major acquisition by Toge Productions, who have published various SEA-developed games such as the widely popular Coffee Talk.
The details of the deal haven’t been announced, such as how the 4 billion rupiah will be paid out.
Toge Productions has a history of working with Tahoe Games, having published the latter’s game Rising Hell.
On that note, Toge will also be taking over the IP rights to Rising Hell.
“We have a vision of helping more SouthEast Asian game developers reach the global stage. This acquisition is one of the many ways we hope to achieve this goal,” says Kris Antoni, CEO and co-founder of Toge Productions. “We’ve worked extensively with the team at Tahoe Games on Rising Hell and have a great relationship with them already. We’re very thrilled to have such talented developers join us at Toge Productions.”
“The acquisition between Toge Productions and Tahoe Games is a mutually beneficial relationship. We agreed to this offer because of the same goals we have together to further educate and provide opportunities for underrepresented talents who don’t always have the same opportunities to the people who live in major cities or outside the country,” says Robertus R. Haris, co-founder of Tahoe Games. “With this acquisition, we hope that studios in Kediri will be even bigger and be able to provide all the talent in Kediri and the areas surrounding it.”
Tahoe Games will not be rebranding following the acquisition- however they will be representing Toge Productions in Kediri, Indonesia where they’re currently located.