11 bit studios Posted:
Fir, June 17, 2022
11 bit studios is proud to announce that today an agreement for the purchase of 40% of the shares in Fool’s Theory has been signed. The first tranche of the purchase is PLN 2.62 million and the next one will be settled within 7 months of the launch of the RPG game – codenamed “Vitriol” – developed by Fool’s Theory and published by 11 bit studios. The amount of the second tranche, ranging between PLN 1.57 – 3.66 million, will depend on the user reviews on Steam and net revenues from the game.
11 bit studios is so confident in their investment in this talented team that, as publisher, they have already invested over PLN 17.5 million into the production of “Vitriol”.
Fool’s Theory is a studio in Bielsko-Biala, Poland that has been operating since 2018 and currently employs approximately 60 people. In the past, the studio participated, among others, in the production of games such as Baldur’s Gate 3, Divinity: Original Sin II add-ons, and more recently Outriders. Its own game – Seven: The Days Long Gone – was positively recieed by the market. The ongoing cooperation between Fool’s Theory and 11 bit studios started over two years ago. Right now, Fool’s Theory is developing a unnanounced RPG codenamed Project Vitriol for 11 bit studios publishing division.