Valhalla Game Studios

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Valhalla Game Studios International Ltd. was a video game development, entertainment and holding company. It was founded in 2008 as Valhalla Game Studios Co., Ltd. in Tokyo, Japan. An international division was later founded in British Columbia, Canada, which acquired all intellectual property and shares of the original Valhalla Game Studios and other affiliates, effectively making them subsidiaries of the Canadian company. To differentiate, the original Valhalla Game Studios is alternatively referred to as VGS Japan. VGS Japan is best known for Devil's Third, their flagship title which went through a long development cycle. Valhalla's parent company, Wake Up Interactive, was acquired by Tencent for $44 million in November 2021. The following month, Wake Up merged the staff and operations of Valhalla Game Studios into another subsidiary, Soleil Ltd., effectively closing down Valhalla. Valhalla was run by former Tecmo staff: Satoshi Kanematsu, who worked on Monster Rancher and Rygar, and Tomonobu Itagaki, a game designer known for his work on the Dead or Alive and Ninja Gaiden series. Since 2009, the company had been working on Devil's Third, a "hyper-violent shooter". Originally developed as a title for the PlayStation 3 and Xbox 360, the game was eventually developed exclusively for the Wii U. Following the closure of development partner THQ, intellectual property rights to Devil's Third were given back to Valhalla Game Studios.