Split the merged studio

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Two studios, one company

Shard Garden is worth US$30 million. Moonbeam Games is worth US$10 million. They merge into one company worth US$40 million, shared by what each side brings.

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Split the merged studio

Pick the split that gives each side what its studio was worth.

Try it in the lesson

Quick check

A year later, the merged studio is worth US$60 million. What is Moonbeam's 25% worth?

  1. US$15 million
  2. US$10 million
  3. US$25 million
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US$15 million

25% of US$60 million is US$15 million. Both sides grow together.

Agreeing what each is worth

Worth isn't only cash in the bank: games, players, people and plans count too. Kai and Moonbeam's founders hire advisers to agree on the numbers before the split.

Do the math

merger
Shard Garden  US$45MMoonbeam      US$15M

What share should Kai offer Moonbeam's owners?

  1. 25%
  2. 33%
  3. 15%
Show the answer

25%

The merged company is worth US$60M. Moonbeam brings 15 of the 60: 25%.

Staying on

In Shard Garden's deal, Moonbeam's founders keep vesting their new shares over three years, so the people who made the games stay to make the next ones.

Quick check

Merging by value means both sides always get 50%.

Show the answer

False

Each side gets the share it brought. Equal studios get 50% each.

On the studio board

The studio adds a decision to the board:

A merger shares the new company by what each side brings, keeps every promise to players, and gives every new person a manager and a buddy on day one.

Bolt says: Next: who gets what in a sale?

Fact-checked 12 October 2026