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EVE Online Studio Becomes Fenris Creations After $120 Million Buyout as DeepMind Invests

The buyout restores board governance, with a DeepMind research tie-up running tests on offline EVE builds to protect the live game.

Overview

  • Fenris Creations, which announced the move Wednesday, regained independence in a $120 million sale from Pearl Abyss and retired the CCP Games name.
  • Google DeepMind took a minority stake and formed a research partnership that will test AI on offline EVE builds, with more specifics promised at EVE Fanfest on May 14.
  • The collaboration targets long‑horizon planning, memory, and continual learning in EVE’s complex, player‑driven world, and the companies say they will also explore AI‑enabled gameplay ideas.
  • Fenris says there will be no layoffs or restructuring, leadership remains in place, and studios in Reykjavík, London, and Shanghai will continue operating with headquarters in Vatnsmýrin, Iceland.
  • The company reports strong finances after a record November and more than $70 million in 2025 revenue, and it continues work on EVE Vanguard and EVE Frontier alongside the live MMO.