"Remedy Entertainment Secures Full Control Series Rights from 505 Games"

Remedy Entertainment has acquired all rights to the Control intellectual property from 505 Games, including Control, Condor, and Control 2. The transaction allows Remedy to explore self-publishing or finding a new partner for future Control projects. The maximum purchase price for the transaction is approximately €17 million, and Remedy will pay the net purchase price in three cash instalments over the next twelve months. Remedy CEO Tero Virtala expressed gratitude to 505 Games for their partnership and stated that having complete ownership over the Control franchise gives them the freedom to decide the best path forward.