Development company Yuga Labs sells one of its gaming companies for about $97.1 million

According to CNBC, Improbable, the development company behind Yuga Labs' metaverse Otherside, which acquired multiplayer game service company The Multiplayer Group (MPG) in 2019, has sold it to Keywords Studios for £76.5 million (approximately $97.1 million).Improbable co-founder and CEO Herman Narula said the deal is part of its "venture investment" strategy, which involves investing in or acquiring teams related to gaming and metaverse, and choosing to expand or split these teams later. While this move suggests that Improbable may reduce its investment in gaming, Narula does not believe that selling MPG means it is reducing its business in this area. Narula said: "We will not sell any technology, nor will we stop working with gaming companies."Keywords, headquartered in Ireland, has more than 70 studios in Los Angeles, France, Brazil, Mexico, and Spain, mainly developing games for third-party developers. MPG was founded in 2018 and is known for its work on games such as "Fallout 76" and "Medal of Honor: Above and Beyond".