
The games industry's biggest fire sale continues, as Embracer Group has sold Star Trek Online developer Cryptic Studio and publisher Arc Games, which also handled publishing duties for games like Remnant 2, Torchlight, and the recently released old-school MMO Fellowship.
The buyer is Project Golden Arc, which is owned and led by members of Arc Games' management. The deal—which is worth $30 million, has been financed by XD Inc, perhaps best known as the developer and publisher of the free-to-play Torchlight Infinite.