Perk sells Corona Labs to its own CEO
Events
Subscribe:  iCal  |  Google Calendar
Birmingham GB   20, Sep — 24, Sep
Chiba JP   20, Sep — 24, Sep
Ohio US   21, Sep — 24, Sep
Los Angeles US   27, Sep — 1, Oct
Latest comments
by Somebody once told me...
48 min ago

Well, good idea Netflix. At least deamons are already black and don't need to be changed in order to push you SJW agenda.

by Samuel Degemu
2 hours ago

The work you did on the depth of field is very impressive. I'll look into CryEngine

by Assignment Help
18 hours ago

An unmatched and nonpareil post i have ever seen. The content is so appealing that it has created an impulse to avail Assignment Help Singapore services. http://www.myassignmenthelpsg.com/

Perk sells Corona Labs to its own CEO
22 September, 2016
News

Perk, the company that used to own engine provider Corona Labs, has decided to sell the business to its own CEO, Roj Niyogi.

df3087850a33ff073721abf868e1b8d5

Roj Niyogi was chosen as CEO of Corona last December after Perk’s acquisition of the firm for $2.3m. Pocket Gamer states that he will now leave his role of President and Board Member at Perk to work solely on Corona.

Perk CEO Ted Hastings reports that his company has been investing more than $1m into Corona Labs every quarter. The sale is believed to be Perk’s idea of benefiting on those numbers. 

Niyogi was also a co-founder of Perk. He will now have to return all of his stock to Perk as part of the agreement and get $1.75m in return. It is also stated that over the next 12 months, Perk will pay him up to $750,000.

I’m excited for the next chapter in building Corona and also for the ongoing partnership with Perk. It has been an amazing experience from co-founding Perk, taking it public on the TSX, and now focusing on Corona.

Roj Niyogi

Source: Pocket Gamer

Leave a Reply

Be the First to Comment!

avatar
wpDiscuz