US team to buy outstanding shares in Australian studioMelbourne, Australia's IR Gurus is to be acquired by Red Mile Entertainment.
IR's 100-strong studio is currently working on the latest installment in Red Mile's Heroes having created the first game in the series - Heroes of the Pacific.
"With the expected acquisition of IR Gurus, we will own our first globally recognized original IP franchise and acquire a very talented video game development studio," said Chester Aldridge, chairman and CEO of Red Mile.
"The synergies of this combination are significant, as we expect to secure high-quality and scarce development resources for our franchise titles and improve cost control by bringing development in-house."
Mike Fegan, CEO of IR Gurus, added: "Red Mile was an early believer in our studio and our Heroes of the Pacific title. We are extremely happy to join an emerging publisher like Red Mile and assist them as they build a portfolio of world-class franchises." It is expected that industry veteran Mike Fegan will remain as CEO of the studio and will oversee Red Mile's international publishing operations.