Sega Europe announced Thursday that it’s selling off Company of Heroes 3 and Age of Empires 4 developer Relic Entertainment while cutting approximately 240 jobs across several other Sega Europe studios.

Relic Entertainment confirmed that it’s going independent with the help of an external investor; under this new structure, it’ll continue to support Company of Heroes 3 and its next update coming in April. “This is a huge change for us, but one thing does not change: we want to create amazing experiences for our players,” read a post on the company’s X account (formerly Twitter). Sega’s shares of Relic were transferred to a holding company that is “to be newly established by the UK investment company Emona Capital,” according to Sega’s financial disclosures. Emona Capital is also invested in Amber, a game development services company; it invested $20 million into that company in 2022.