In July 2008, German developer and publisher Crytek announced their acquisition of the studio, and renamed it Crytek Black Sea. At the time, Black Sea Studios was based in Sofia, Bulgaria, with Vesselin Handijev was managing director. In May 2014, Crytek announced the development of their own multiplayer online battle arena game using the CryEngine, titled "Arena of Fate" and under development at the Sofia studio. The game was shown at E3 2014. In November 2016, founder Handjiev, together with Michael Peykov, formed a new video game company, Black Sea Games.