Second Life developer Linden Lab has been acquired by an investment group

    
5

Fun trivia fact: The AOL blog that eventually became Massively actually started life as a Second Life blog back when Second Life was huge. So even though it’s not a traditional MMO, we’ve kept a bit of an eye on it over the years. And now it’s about to change in a big way, at least in terms of who owns it, as yesterday Linden Lab announced that it’s been acquired.

“Linden Research, Inc. announced today it signed an agreement to be acquired by an investment group led by Randy Waterfield and Brad Oberwager. Closing of the acquisition is subject to regulatory approval by financial regulators in the U.S. related to Tilia Inc.’s status as a licensed money transmitter as well as other customary closing conditions. Upon closing, Mr. Waterfield and Mr. Oberwager will join the Board of Directors of Linden Research, Inc.”

Apparently the buyout will keep Linden Lab intact and isn’t expected to harm the actual game. “We see this as an opportunity to continue growth and expansion for Second Life and our money services business Tilia,” says Linden CEO Ebbe Altberg. But as always with these types of industry moves, time will be the judge.

Source: Official site. Cheers, Pauleh!

5
LEAVE A COMMENT

Please Login to comment
  Subscribe  
newest oldest most liked
Subscribe to:
Reader
Loyal Patron
Patreon Donor
Kickstarter Donor
Aquarion

Years back, and before the great bloodletting that was the last round of Linden labs layoffs, I used be lead dev for an international English as a Second Language school that used private islands and its own client fork to be based in Second Life. Some of the things you can build in it and use it for are incredible, but it’s absolutely failed to stay on top technically, and its community support has fallen off a cliff (The language school developed their platform soon after I left). I’ve always thought the possibilities for something like Second Life were amazing, but they didn’t have the resources to be worth it. All the non-shooty stuff Fortnite is digging into should be Second Life’s bread and butter, and imagine how useful a viable Second Life could have been during Lockdown.

So basically, if this is actually enough to get Linden to be able to build SL into the platform it could have been, it’s fantastic news.

I fear it’s just a flip-endebt-and-dump scheme, though.

Techno Wizard
Reader
Techno Wizard

I wonder what could possibly go wrong.

Reader
Bryan Turner

Isn’t this the place people go to have cyber affairs and trysts, that’s the only thing I remember hearing about this place.

Reader
Patreon Donor
Kickstarter Donor
Loyal Patron
agemyth 😩

“We see this as an opportunity to continue growth and expansion for Second Life and our money services business Tilia,” says Linden CEO Ebbe Altberg. But as always with these types of industry moves, time will be the judge.

Yeah, it means in 5 years or less the original owners will get their last bonus for helping the company ownership transfer and leave the company and its employees to be gutted by the new owners.

So congrats to whoever is cashing out after all this time I guess.

Reader
Life_Isnt_Just_Dank_Memes

“I needed a viable place to launder my money. This game will be perfect for that endeavor.”