Daybreak Games has acquired Singularity 6, the developer of the cozy MMO Palia, according to a press release from its parent company, Enad Global 7.
The press release (and then subsequent blog post), sent out about an hour ago, detailed the acquisition, stating that Daybreak is acquiring 100% of Singularity 6 as a "wholly-owned subsidiary." The move is "funded through the group's available cash balance."
The release, which doesn't list an acquisition price, states that the acquisition is projected to bring "meaningful contributions" towards the "group's consolidated 2026 financial targets of SEK 3 billion in Net Revenues and SEK 1 billion in Adjusted EBITDA."
Palia, which launched into its open beta last August, has seen a rough few months with Singularity 6 laying off staff multiple times. Despite this, according to the release, over 100K active players are still playing the cozy MMO across Steam, Epic and Nintendo Switch, with over 4 million players in its lifetime. The Palia team is still working towards its 1.0 release, though no date or timeline was given in the release today.
"Singularity 6 is a perfect new addition to Daybreak Games’ family of game studios with historied success in delivering longstanding multiplayer online live service games," EG7 CEO Ji Ham said via the press release. "Daybreak Games and Singularity 6 share the same passion for creating immersive online worlds and we are looking forward to joining forces to build, expand and support Palia and its large and passionate community for years to come.”
For their part, Singularity 6 is likely eager to get moving thanks to this new lease on its development life, with its CEO Anthony Leung commenting that it is "exciting to be able to find like-minded partners," and is eager to be "combining their talented resources and live service expertise" with Daybreak.
Palia has not had a banner year so far, with multiple rounds of layoffs, including one that happened just weeks after its rough Steam Launch. Most recently, Singularity 6 laid off around 40% of its staff in May, so it'll be interesting if this acquisition by Daybreak allows the company to scale up and potentially re-hire many of those affected by the previous moves by the studio.
Despite this, Palia still received regular updates, with the most recent being a party bonus system and more last week.
