Ingenious sells Lionhead Studios to Microsoft Game Studios

Ingenious Media has sold its investment in Guildford-based video game developer Lionhead Studios to Microsoft Game Studios.

Both IDG Ventures Europe and Add Partners, who invested alongside Ingenious’ private equity arm in 2004, have also exited as part of the deal.

Lionhead Studios is best known for its top-selling Fable games for Microsoft’s Xbox console, and released Fable: The Lost Chapters and two separate titles, Black & White 2 and The Movies since Ingenious invested.

’Lionhead has consolidated its position as one of the most innovative developers of gaming content since our investment in 2004,’ comments Patrick Bradley, a director at Ingenious Ventures. ‘We are confident that its success will continue in partnership with Microsoft.

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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