Phoenix Labs regains independence after management buyout

Canadian developer Phoenix Labs will go back to being independent following an investor-backed management buyout.

According to GamesBeat, Phoenix Labs’ founders will take the company private now that it’s spun out of its parent company, Garena.

Garena is itself owned by Singapore-based Sea, which commented: “We have been steadfast supporters of Phoenix Labs since its earliest days and will continue to be strong advocates for their team and their work going forward.

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