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CCP Games Rebrands as Fenris Creations in $120 Million Buyout With DeepMind as Minority Partner

The shift signals a return to independent control with new AI research backing.

Overview

  • Fenris Creations, the studio formerly known as CCP Games, announced Wednesday that management bought the company for $120 million and restored its independence.
  • Google DeepMind took a minority stake and will run a controlled, offline version of EVE Online to test AI models that focus on long‑horizon planning, memory, and continual learning.
  • Fenris said there are no layoffs or restructuring, the headquarters stays in Iceland, and teams in Reykjavík, London, and Shanghai continue work on EVE Online and related projects.
  • The company reported more than $70 million in 2025 revenue, including a record November, and said more details on the research program will be shared at EVE Fanfest 2026.
  • Pearl Abyss bought CCP in 2018, widely reported at around $425 million, and has now sold the studio back to its leadership, while the live EVE servers remain unaffected by the AI experiments.