By March 2004, Nordisk Film owned 40.3% in IO Interactive. Nordisk Film and the seven founders each held a 50% stake in the venture. The resulting company, IO Interactive, was established on 16 September 1998, with Reto-Moto's seven employees-Jesper Vorsholt Jørgensen, Rasmus Guldberg-Kjær, Martin Munk Pollas, Karsten Lemann Hvidberg, Jacob Andersen, Janos Flösser, and David Guldbrandsen-serving as the founders and initial staff of IO Interactive. Before the studio finished any games, they struck a partnership with Danish film studio Nordisk Film in 1998 that would lead to the creation of a developer jointly owned by the two companies. In 1997, Reto-Moto was founded as a video game developer in Copenhagen. Sign outside IO Interactive's former location at Farvergade 2, Copenhagen History Background and foundation (1997–1998) IO Interactive employs 200 people as of January 2021 and operates three subsidiary studios: IOI Malmö in Malmö, Sweden IOI Barcelona in Barcelona, Spain, and IOI Istanbul in Istanbul, Turkey. IO Interactive performed a management buyout in June 2017, becoming independent and regaining the rights to their Hitman and Freedom Fighters franchises.

In May 2017, Square Enix ceased funding for IO Interactive and started seeking a buyer for the studio.

IO Interactive was acquired by publisher Eidos Interactive for £23 million in March 2004, which saw itself acquired by Square Enix and renamed as Square Enix Europe in 2009. The company was founded in September 1998 as a joint venture between the seven-man development team of Reto-Moto and film studio Nordisk Film. IO Interactive's most recent game is Hitman 3, which was released in January 2021. IO Interactive A/S ( IOI) is a Danish video game developer based in Copenhagen, best known for creating and developing the Hitman and Kane and Lynch franchises.

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