IGN

Company

Last mentioned: Mar 18, 2026

Timeline

  1. Early Access Target

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

  2. Planned Launch

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

  3. Court Ruling

    A judge orders the reinstatement of Ted Gill as CEO of Unknown Worlds.

  4. Court Ruling

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

  5. Leadership Purge

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

  6. The July Purge

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

  7. Acquisition Finalized

    Krafton acquires Unknown Worlds with earn-out provisions totaling $250M.

  8. Acquisition Finalized

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

Stories mentioning IGN 2

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Krafton-Unknown Worlds Dispute: Court Orders CEO Reinstatement Amid $250M Battle

A court has ordered the reinstatement of former Unknown Worlds CEO Ted Gill following a high-stakes legal battle over a $250 million earn-out provision in the studio's acquisition by Krafton. The ruling comes as the highly anticipated sequel, Subnautica 2, is scheduled for a May early access release, highlighting the tension between corporate performance targets and executive management.

2 sources