Matt Martin
16:19 (BST)
02/07/2008
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SilverBirch acquires Red Mile Entertainment
Canadian developer SilverBirch has acquired Sin City developer Red Mile Entertainment.
The move follows SilverBirch's acquisition in April of N+ studio Lighthouse Interactive for CAD 4 million (EUR 2.5m).
"Red Mile's position as a strong console publisher of both original and licensed IP complements our core focus in the videogame industry," commented Derek van der Plaat, CEO of SilverBirch.
"With our publishing capability in massive multiplayer online games, PC and handheld games, the acquisition of Red Mile further rounds out SilverBirch's capability as a comprehensive publisher."
As part of the deal, SilverBirch has advanced a loan of CAD 750,000 to Red Mile.
"SilverBirch's strategy to grow through strategic acquisitions is a vision that Red Mile shares and one that we can contribute to in a meaningful way to position the combined entity as a leading integrated video game publisher," added Chester Aldridge, CEO of Red Mile.
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