Paradox Interactive - Going Public

Gamasutra reports that Paradox Interactive is going public soon. What this means for there future ventures is more development in console and mobile games.

An IPO is in the cards for Paradox Interactive, as chief Fredrik Wester took to Twitter today to confirm that the 17-year-old company intends to go public this year.

What's especially intriguing about the long-private company's intent to turn public is that proceeds from sales of shares in the company will presumably afford Paradox an influx of cash, something it recently spent a great deal of in order to take White Wolf Publishing off of CCP's hands.

According to a roughly-translated version of an interview with Wester published today by Swedish-language outlet Di Digital, Paradox is interested in making further acquisitions in the future and expanding deeper into mobile and console game publishing.

Gamasutra has reached out to Wester for further details on Paradox's IPO plans.