Starbreeze intends to acquire the Valhalla game engine for the equivalent of $8.6 million in stock, pending 90 per cent approval of the deal at its general meeting next month.

The Valhalla engine has been developed independently for the last four years, and Starbreeze has identified it as the key to building its next generation of products. The Swedish company stressed that Valhalla is "fully virtual reality ready," and is compatible with a number of the existing VR headsets.

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However, it is using Valhalla for Overkill's next two projects, The Walking Dead and Storm, as well as its other future games and applications. The engine's leading architects have joined Starbreeze as part of a stock deal worth SEK 73 million ($8.6 million), or 2.25 per cent of the company.

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