Paradox Interactive going public?08 Mar 2016 0
We can probably file this post under "rumor" rather than "news", but it's still a pretty interesting tale if it comes to fruition. Paradox Interactive is a publisher of some of the best strategy games on the market: Europa Universalis, Crusader Kings, Hearts of Iron, and that's not even bringing up role playing games like Pillars of Eternity or simulations like Cities: Skylines. Currently, Paradox is a privately held company and has been since they came into being back in 1999. 2016 might be the year that they go public.
Paradox's CEO, Fredrik Wester, recently gave an interview to Swedish site, Di Digital. Lucky for us, PCGamesN.com reported on the interview so we didn't have to go and learn Swedish. Also, Mr. Wester posted in the Paradox forums that the majority of the company would remain as is, with him as majority shareholder and only a small portion of the company was being considered for future plans.
What's the big deal? Well, Paradox doesn't make game like World of Warcraft or Call of Duty. They make niche games for a smaller audience, thus the worry is that public shareholders could force their hand into making more mainstream titles rather than focusing on what they've done so well in the past. Wester says that they will continue to focus on the PC market, making the kinds of games that they are known for. The reason to go public would be for an influx of cash which would enable them to buy more IPs, such as their recent acquisition of White Wolf Publishing and also bring some of their titles to consoles and the mobile market. That's all well and good, so long as I get more content for Cities: Skylines.