Krafton

Company 259960

Last mentioned: Mar 23, 2026

Timeline

  1. Early Access Launch

    Subnautica 2 is set to launch into early access following the leadership transition.

  2. Planned Launch

    Subnautica 2 is expected to enter early access on PC and Xbox.

  3. Court Ruling

    Delaware Court of Chancery orders Krafton to restore the studio leadership.

  4. Court Ruling

    A judge rules in favor of the founders, ordering Gill's immediate reinstatement.

  5. Court Ruling

    A judge orders Krafton to rehire Ted Gill at Unknown Worlds Entertainment.

  6. Leadership Removed

    Krafton terminates Unknown Worlds founders after they refuse to renegotiate.

  7. Project X Initiated

    CEO Kim consults ChatGPT to devise a strategy to avoid the $250M payout.

  8. Lawsuit Filed

    Ousted leaders sue Krafton over wrongful termination and a $250M bonus dispute.

  9. Internal Forecasts

    Krafton identifies that Subnautica 2 targets will trigger the full earnout.

  10. The July Purge

    Krafton fires CEO Ted Gill and other leaders; Subnautica 2 is delayed.

  11. Leadership Ousted

    Ted Gill and founders are fired; Steve Papoutsis takes over studio leadership.

  12. Acquisition Finalized

    Krafton buys Unknown Worlds for $500M with a $250M earnout clause.

  13. Acquisition

    Krafton acquires Unknown Worlds to diversify its gaming portfolio.

  14. Acquisition Finalized

    Krafton acquires Unknown Worlds with a deal structure including a $250M earn-out.

Stories mentioning Krafton 3

Leadership Neutral

Subnautica 2 Set for May Release Amid Krafton Legal Surrender

Subnautica 2 is scheduled for an early access release in May 2026 following a court ruling that forced publisher Krafton to reinstate ousted Unknown Worlds CEO Ted Gill. The legal battle centers on allegations that Krafton fired the studio's founders to avoid paying a $250 million incentive bonus.

2 sources

About Krafton coverage

This page surfaces every story mentioning Krafton across our startup coverage. We track each entity's appearance over time so readers can trace how the narrative evolves — which developments are isolated incidents, which build into longer arcs, and which reframe how operators in the space think about the entity. Story selection uses the same multi-source verification gate applied across the rest of our coverage.

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