Like Growtopia

closed 2/28/2017 via BNC Analysis

Ubisoft Entertainment S.A., acquired Growtopia

synopsis: Ubisoft announced it has acquired Growtopia, the beloved massively multiplayer and social game that gives players the framework and tools to create interactive game worlds. Growtopia is available on mobile, tablet and PC.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target parent: Robinson Technologies Corporation
target: Growtopia
Launched in 2013, Growtopia is a free-to-play game supported by a highly-engaged community of more than 20 million registered users. In Growtopia, players can create an infinite number of worlds, and make each one their own.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/10/2021 via BNC Analysis

Leaf Mobile, will acquire Truly Social Games

synopsis: Leaf Mobile, Canada's leading free-to-play mobile game group, will acquire Truly Social Games ("TSG"), an innovative developer and publisher of mobile games headquartered in Vancouver, Canada. TSG set out to build games that engage and involve players from the very first click with products such as Planet Gold Rush.
buyer: Leaf Mobile (TSXV:LEAF:$15.44)
Leaf Mobile is a mobile game developer in Canada. Leaf Mobile is focused on creating engaging games that produce enduring player enjoyment. The company develops cannabis games through their LDRLY Games studio. Their games include Bud Farm Idle Tycoon, Bud Farm 420, Cheech & Chong Bud Farm, and more."
target: Truly Social Games
Truly Social Games ("TSG") is a developer and publisher of mobile games headquartered in Vancouver, Canada. TSG was founded in 2015 by Cooper DuBois and Patrick Tougas and has offices in Vancouver, Portland, and Minsk.
price ($mm)
$2.37
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/9/2021 via BusinessWire

Electronic Arts Inc., will acquire Glu Mobile Inc.

synopsis: Electronic Arts Inc., a global leader in interactive entertainment, and Glu Mobile Inc., a leading global developer and publisher of mobile games including Design Home, Covet Fashion, and MLB Tap Sports Baseball, have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile.
buyer: Electronic Arts Inc. (NasdaqGS:EA:$5,670.00)
Electronic Arts is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. "
target: Glu Mobile Inc. (GLUU:$540.52)
Glu Mobile is a leading developer and publisher of mobile games. Glu’s diverse portfolio features top-grossing and award-winning original and licensed IP titles including, Covet Fashion, Deer Hunter, Design Home, Diner DASH Adventures, Disney Sorcerer’s Arena, and Kim Kardashian: Hollywood.
price ($mm)[EV]
$2,204 [$1,879]
rev ($mm)
$541
EBITDA ($mm)
$35
EV / rev
3.7x
EV / EBITDA
57.0x
announced 11/18/2020 via BNC Analysis

DECA Games, will acquire A Thinking Ape

synopsis: DECA Games, a German video game publisher and developer, will acquire A Thinking Ape Entertainment Ltd., a Canadian mobile Free-to-Play (FTP) game development studio. A Thinking Ape develops mobile games with a social core. Their titles include Party in My Dorm, Kingdoms at War, Casino X and Kingdom of Heckfire.
buyer parent: Embracer Group
buyer: DECA Games
DECA Games is a publisher and developer of video games that is headquartered in Berlin, Germany. The company's primary focus is on acquiring and operating older free-to-play games. They are the current owners and developers of the massively multiplayer online shooter Realm of the Mad God. "
target: A Thinking Ape
A Thinking Ape is a Canadian mobile Free-to-Play (FTP) game development studio. A Thinking Ape develops mobile games with a social core. They aim to make great games that make millions of players happy. Their titles include Party in My Dorm, Kingdoms at War, Casino X and Kingdom of Heckfire.
price ($mm)
$31
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2020 via BNC Analysis

Flipkart, acquired Mech Mocha

synopsis: Flipkart, an Indian e-commerce company, has acquired Mech Mocha, a mobile game developer in India. Mech Mocha's Hello Play is India’s first real-time multiplayer social-gaming platform. The platform allows users to play live against other players in games such as Hello Ludo, Hello cricket, Hello Candy, Hello Bubble, and more.
buyer parent: Walmart
buyer: Flipkart
The Flipkart Group is one of India’s largest e-commerce marketplace and includes group companies Flipkart, Myntra, Jabong, and PhonePe. Flipkart has enabled millions to be a part of India's e-commerce revolution, offering over 80 million products across 80+ categories. "
target: Mech Mocha
Mech Mocha is a mobile game developer in India. Mech Mocha's Hello Play is India’s first real-time multiplayer social-gaming platform. The platform allows users to play live against other players in games such as Hello Ludo, Hello cricket, Hello Candy, Hello Bubble, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2020 via gamesindustry.biz

MAG Interactive, acquired Sventertainment AB

synopsis: MAG Interactive, a leading mobile developer and publisher of casual mobile games in Sweden, has acquired Sventertainment, a Swedish mobile game company. Sventertainment's Primetime is a mobile quiz game that broadcasts quiz games live every day, seven days a week. Primetime enables players to compete in quizzes in real time and earn money.
buyer: MAG Interactive (OM:MAGI:$29.50)
MAG Interactive is a leading mobile developer and publisher of casual mobile games in Sweden. MAG Interactive creates quality experiences that make players want to come back for more. Their portfolio of games include Ruzzle, Word Domination, Wordbrain, Paint Hit, Quiz Duel, and more. "
target: Sventertainment AB
Sventertainment is a Swedish mobile game company that specializes in live-streamed entertainment. Sventertainment's Primetime is a mobile quiz game that broadcasts quiz games live every day, seven days a week. Primetime enables players to compete in quizzes in real time and earn money.
price ($mm)
$2.29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/22/2020 via gamesindustry.biz

Tilting Point, acquired FTX Games

synopsis: Tilting Point, a leading free-to-play game publisher, has acquired free-to-play mobile games and assets from gambling technology software leader Playtech plc. Tilting Point's acquisition includes FTX Games, known for publishing The Walking Dead: Free Casino Slots and Russia-based Plamee Studios, the developer behind Narcos: Cartel Wars.
buyer: Tilting Point
Tilting Point is a next-generation games partner that provides top development studios with capital, expert resources, services, and operational support to scale the success of high-quality free-to-play games. "
target parent: Playtech plc
target: FTX Games
FTX Games is an award-winning publisher of mobile and social games based on major box-office films and TV shows. Russia-based Plamee is a leading, cross-platform, casual and mid-core games developer for mobile players across all devices.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 1/22/2020 via BNC Analysis

Stillfront Group AB, acquired Storm8, Inc.

synopsis: Stillfront Group, a market leader in the free-to-play online strategy games genre, has acquired Storm8. A leading mobile game network, Storm8 creates a world of play and discovery. Based in Redwood City, California, Storm8’s network includes over 45 games published across multiple genres—so there is something for everyone.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: Storm8, Inc.
Leading mobile game network, Storm8 creates a world of play and discovery. Based in Redwood City, California, Storm8’s network includes over 45 games published across multiple genres—so there is something for everyone.
price ($mm)
$304
rev ($mm)
$119
EBITDA ($mm)
$62
EV / rev
3.4x
EV / EBITDA
6.6x
closed 10/30/2019 via gamesindustry.biz

Bethesda Softworks, acquired Alpha Dog Games Inc.

synopsis: Bethesda Softworks, a leading video game publisher, has acquired Alpha Dog Games, a Canadian mobile game developer. Alpha Dog creates innovative and original mobile, tablet, and social games for gamers. Their games include MonstroCity: Rampage!, Wraithborne, and more.
buyer parent: ZeniMax Media, Inc.
buyer: Bethesda Softworks
Bethesda is a leading video game publisher. Bethesda has a long history of success as a publisher of award-winning video games. The Company's growing library of intellectual properties includes such major franchises as The Elder Scrolls, Fallout, Dishonored, DOOM, QUAKE, Wolfenstein, and more. "
target: Alpha Dog Games Inc.
Alpha Dog Games is a Canadian mobile game developer. Alpha Dog creates innovative and original mobile, tablet, and social games for gamers. Harnessing the power of Unity and Unreal Engine 4, their goal is to build an iconic brand through evolutionary design and pushing the limit of mobile games.
price ($mm)
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EV / rev
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closed 9/25/2019 via BNC Analysis

Nazara Technologies Pvt. Ltd., acquired SportsUnity Pvt. Ltd.

synopsis: Nazara Technologies Ltd, a mobile game developer in India, has acquired a majority stake in SportsUnity Pvt. Ltd, an Indian video game developer. SportsUnity is the developer of Qunami, India's #1 mobile quiz game. Qunami is cricket quiz platform that allows users to compete in tournaments or one-on-one battles for fun or money.
buyer: Nazara Technologies Pvt. Ltd.
Nazara is a leading mobile games publisher focused on the large mobile consumer base in India and other emerging markets. In addition to publishing a range of branded and original mobile games, Nazara also runs gaming subscription service across 60 countries. "
target: SportsUnity Pvt. Ltd.
SportsUnity is an Indian video game developer. SportsUnity is the developer of Qunami, India's #1 mobile quiz game. Qunami is cricket quiz platform that allows users to challenge their friends and compete in tournaments or one-on-one battles for fun or money.
price ($mm)
$1.05
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/19/2018 via Company Press Release

Gameloft, will acquire FreshPlanet

synopsis: Gameloft, leader in the development and publishing of mobile games, announced an agreement to acquire FreshPlanet, makers of the multi-awarded SongPop games on mobile. In line with Gameloft’s philosophy to provide the best gaming experiences to players of all ages & countries, this acquisition is a new milestone in the company’s expansion strategy.
buyer parent: Vivendi SA
buyer: Gameloft (ENXTPA:GFT:$268.27)
Leader in the development and publishing of mobile games, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms. Gameloft distributes its games in over 100 countries and employs 4,600 people worldwide. "
target: FreshPlanet
FreshPlanet is the maker of the multi-awarded SongPop games on mobile. SongPop and SongPop 2 are the world’s biggest music trivia games which received several awards. These highly social games feature clips from the most popular songs to guess and are extremely fun to play with.
price ($mm)
rev ($mm)
$342
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 9/10/2018 via BNC Analysis

Hugo Games A/S, will acquire 5th Planet Games Inc.

synopsis: Hugo Games is pleased to announce that it has signed a letter of intent to acquire California-based "5th Planet Games". 5th Planet Games is a leading community-focused mobile and browser-based game company. It was founded in 2009 by owner Robert Winkler.
buyer: Hugo Games A/S (OB:HUGO:$0.71)
Hugo Games is an award winning mobile games publisher and developer located in Copenhagen and Nottingham. Established in 2011, Hugo Games has reached millions of players worldwide with titles such as Hugo Troll Race 2, Kick ‘n’ Run and Super Stars Cristiano Ronaldo. "
target: 5th Planet Games Inc.
5th Planet Games is an exciting, young company dedicated to making story driven, content rich games for social and mobile platforms. All applications are developed in-house using proprietary technology while partnering with some of the best companies in the industry.
price ($mm)
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EV / EBITDA
closed 9/10/2018 via BNC Analysis

PlayStack Ltd, acquired Hisome

synopsis: PlayStack, a London-based games publisher, has acquired Hisome, a Helsink-based game development studio. Hisome develops social games for iOS and Android devices. The company aims to revolutionize gaming by combining games with messaging and social media.
buyer: PlayStack Ltd
PlayStack is a London-based games publisher. Their mission is to find, fund, and promote the best new games in the industry. PlayStack offers end-to-end funding, publishing expertise, and technologies to help developers build a strong gamer audience and community. "
target: Hisome
Hisome is a Helsink-based game development studio. Hisome develops social games for iOS and Android devices. The company aims to revolutionize gaming by combining games with messaging and social media.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/31/2018 via BNC Analysis

Evolable Asia Corp., will acquire Kayac Hanoi Co., Ltd

synopsis: Evolable Asia, a Tokyo-based company that operates three popular online travel portals, will acquire Kayac Hanoi from Kayac, a game development studio in Japan. Kayac Hanoi is a mobile video game development company in Vietnam that focuses on planning, developing and operating casual social games.
buyer: Evolable Asia Corp. (TSE:6191:$47.36)
Evolable Asia is a Tokyo-based company that operates three popular online travel portals. Through their portals the company provides travel and hotel booking services at competitive prices. Over 600 travel sites use their technology to power their own flight, hotel, and tour package searches. "
target parent: KAYAC Inc.
target: Kayac Hanoi Co., Ltd
Kayac Hanoi is a mobile video game development company in Vietnam that focuses on planning, developing and operating casual social games. Their portfolio of games include Stickman Striker, Ninja Legend, and Fantasy Rush.
price ($mm)
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announced 6/20/2018 via Company Press Release

funplex, Inc., will acquire ORATTA, Inc.

synopsis: funplex, Inc., a Japanese video game developer that designs and develops social mobile games in various genres, will acquire ORATTA, Inc., a video game developer in Japan. ORATTA develops social mobile games to connect people all over the world. Their portfolio of games include Sengoku Asuka Zero, Dragon Solitaire, Gamera Battle, and more.
buyer parent: Gree, Inc.
buyer: funplex, Inc.
Founded in 2015, funplex, Inc. is a Japanese video game developer. funplex designs and develops social mobile games in various genres. The company's portfolio of games includes over 20 titles in the hack and slash, role playing game, and fantasy genres. "
target: ORATTA, Inc.
Founded in 2010, ORATTA, Inc. is a video game developer in Japan. ORATTA develops social mobile games to connect people all over the world. Their portfolio of games include Sengoku Asuka Zero, Chloris Garden, Dragon Solitaire, Chaos Blade, Soul Saviour, Gamera Battle, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/26/2018 via BNC Analysis

Mail.Ru LLC, acquired Bit.Games

synopsis: Russian internet company Mail.ru Group has acquired a 51 percent stake in Bit.Games, a Russian game developer that creates social and mobile games. Bit.Games has launched 11 games across different platforms, and their games attract over 400,000 players per day.
buyer: Mail.Ru LLC (LSE:MAIL:$1,350.66)
Mail.Ru Group develops Internet communications and entertainment services in Russia and globally. The company operates Russian language social networks Vkontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), instant messenger services in Russia — Agent Mail.Ru and ICQ and more. "
target: Bit.Games
Founded in 2002, Bit.Games is a Russian game developer that creates social and mobile games for the most popular platforms. Bit.Games has launched 11 games across different platforms, and their games attract over 400,000 players per day.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2018 via BusinessWire

Jam City, acquired Brainz Games

synopsis: Jam City, a global leader in mobile entertainment, providing social gaming experiences for millions of players around the world, announced that it has acquired the assets of Brainz, a Bogota, Colombia-based mobile game developer, including the upcoming action strategy game World War Doh.
buyer: Jam City
Jam City is a global leader in mobile entertainment, providing social gaming experiences for millions of players around the world. They are the go-to studio for Hollywood, having developed immersive, narrative mobile games around iconic entertainment brands including Harry Potter and Family Guy. "
target: Brainz Games
With offices in Bogota and Medellin, Colombia, Brainz Games is the developer of World War Doh, a fast-paced strategy game in which players lead the Commander and his (not entirely willing) band of allies in real-time combat while deploying troop and spell combinations into the battlefield.
price ($mm)
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closed 1/24/2018 via BNC Analysis

Pocket Aces Pvt. Ltd., acquired Loco Quiz App

synopsis: Sequoia Capital-backed digital media company Pocket Aces acquired trivia game show app Loco. Loco, an Indian Android app, allows users to log in to play a live quiz game.
buyer: Pocket Aces Pvt. Ltd.
Pocket Aces is a digital entertainment company that is leveraging technology to create and distribute engaging content for the Indian millennial. Pocket Aces' FilterCopy is a mixed-media offering for all things shareable, such as articles, relatable videos, funny memes and more. "
target: Loco Quiz App
Loco, which was earlier known as Showtime, is an Indian app that offers an interactive trivia game show that lets users answer 10 multiple choice questions and win money in real time.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2018 via BNC Analysis

Saber Interactive, purchased Moscow-based games development studio from Glu Mobile Inc.

synopsis: Glu Mobile has sold its Moscow-based games development studio to US games company Saber Interactive. The office housed around 120 employees and they are all expected to keep their jobs under the new owner following the deal.
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
seller: Glu Mobile Inc. (GLUU:$540.52)
Originally acquired in 2008, Glu’s Moscow studio has focused on the development and live operations of shooter and action games including the Contract Killer, Frontline Commando, and Blood & Glory franchises. Glu Moscow also managed live operations for Deer Hunter 2017.
price ($mm)
$2.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/19/2017 via Market Wire

Munzee Inc. merged with Freeze Tag, Inc.,

synopsis: Munzee Inc., the ultimate experience in location-based gaming, has merged with Freeze Tag, Inc., a leading creator of mobile social games that are fun and engaging for all ages. Munzee is a social platform that blends gamification, geolocation and marketing elements into an experience that rewards players for going places in the physical world.
buyer: Freeze Tag, Inc. (OTCPK:FRZT:$0.12)
Freeze Tag, Inc. is a leading creator of mobile social games that are fun and engaging for all ages. Players can download and enjoy their games for free, or they can purchase virtual items and additional features within the game to increase the fun factor. "
target: Munzee Inc.
Munzee is a social platform that blends gamification, geolocation and marketing elements into an experience that rewards players for going places in the physical world. Utilizing QR code and GPS technology, Munzee is able to validate a person's location and provide them points to level up.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2017 via BNC Analysis

Ubisoft Entertainment S.A., acquired Growtopia

synopsis: Ubisoft announced it has acquired Growtopia, the beloved massively multiplayer and social game that gives players the framework and tools to create interactive game worlds. Growtopia is available on mobile, tablet and PC.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target parent: Robinson Technologies Corporation
target: Growtopia
Launched in 2013, Growtopia is a free-to-play game supported by a highly-engaged community of more than 20 million registered users. In Growtopia, players can create an infinite number of worlds, and make each one their own.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2021 via Company Press Release

i3D.net, acquired GameBlocks

synopsis: i3D.net, a Dutch hosting provider that specializes in gaming servers, has acquired GameBlocks, a middleware developer that specializes in anti-cheat, gameplay management and performance monitoring software for game studios. GameBlocks' Fairfight software is a game engine agnostic solution that identifies and deters cheating in real time.
buyer parent: Ubisoft Entertainment S.A.
buyer: i3D.net
i3D.net is a Dutch hosting provider and server company that specializes in gaming servers. i3D.net delivers flexibility and scalable reach to 3,000 global customers through 33 data centers around the world. The company hosts tens of millions of players for game publishers on consoles, PC and mobile."
target: GameBlocks
GameBlocks is a middleware developer that specializes in anti-cheat, gameplay management and performance monitoring software for game studios. GameBlocks' Fairfight software is a game engine agnostic solution that identifies and deters cheating in real time.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 2/3/2020 via GlobeNewswire

Ubisoft Entertainment S.A., acquired Kolibri Games

synopsis: Ubisoft announced the acquisition of 75% of Berlin-based Kolibri Games, one of the premier developers of mobile free-to-play games and one of the leaders of  the “idle” games genre. Their mobile games "Idle Miner Tycoon"​ and “Idle Factory Tycoon” have reached millions of players around the world.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin's Creed, Just Dance, Watch_Dogs, Tom Clancy's video game series, Rayman and Far Cry. "
target: Kolibri Games
Kolibri Games is a mobile games studio based in Berlin, Germany. Their mobile games "Idle Miner Tycoon"​ and “Idle Factory Tycoon” have reached millions of players around the world resulting in over 50 million downloads for “Idle Miner Tycoon”.
price ($mm)
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closed 7/31/2019 via GlobeNewswire

Ubisoft Entertainment S.A., acquired Green Panda Games

synopsis: Ubisoft, a French video game company, has acquired a 70% stake in Green Panda Games, a leading publisher of free-to-play mobile games, specialized in hyper-casual games. Founded in 2013 and based in Paris, Green Panda Games develops and publishes games in the idle genre.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin's Creed, Just Dance, Watch_Dogs, Tom Clancy's video game series, Rayman and Far Cry. "
target: Green Panda Games
Green Panda Games is a leading publisher of free-to-play mobile games, specialized in hyper-casual games. Founded in 2013 and based in Paris, Green Panda Games develops and publishes games in the idle genre.
price ($mm)
rev ($mm)
EBITDA ($mm)
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announced 11/30/2018 via Company Press Release

Ubisoft Entertainment S.A., will acquire i3D.net

synopsis: Ubisoft, a leading creator, publisher and distributor of interactive entertainment and services, will acquire i3D.net, a Dutch hosting provider and server company that specializes in gaming servers. i3D.net delivers flexibility and scalable reach to 3,000 global customers through 33 data centers around the world.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin's Creed, Just Dance, Watch_Dogs, Tom Clancy's video game series, Rayman and Far Cry. "
target: i3D.net
i3D.net is a Dutch hosting provider and server company that specializes in gaming servers. i3D.net delivers flexibility and scalable reach to 3,000 global customers through 33 data centers around the world. The company hosts tens of millions of players for game publishers on consoles, PC and mobile.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/7/2018 via GlobeNewswire

Ubisoft Entertainment S.A., acquired Blue Mammoth Games

synopsis: Ubisoft, a leading creator, publisher and distributor of interactive entertainment and services, announced the acquisition of the video game development studio Blue Mammoth Games. Blue Mammoth developed and published Brawlhalla, a free-to-play online brawler that is among the top free-to-play games on PS4.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin's Creed, Just Dance, Watch_Dogs, Tom Clancy's video game series, Rayman and Far Cry. "
target: Blue Mammoth Games
Blue Mammoth Games is a video game development studio. The studio developed and published Brawlhalla, a free-to-play online brawler that is among the top free-to-play games on PS4. The team at Blue Mammoth Games is expert at developing and running scalable, competitive, multiplayer online games.
price ($mm)
rev ($mm)
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closed 2/28/2018 via GlobeNewswire

Ubisoft Entertainment S.A., acquired 1492 Studio

synopsis: Ubisoft, a leading creator, publisher and distributor of interactive entertainment products worldwide, has acquired 1492 Studio, a game development studio in France that develops free-to-play episodic and interactive romance stories on mobile. Their "Is it Love?" franchise is a series of interactive dramas that feature enthralling narratives.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading creator, publisher and distributor of interactive entertainment products worldwide, with a rich portfolio of world-renowned brands. Their teams are committed to delivering original and memorable gaming experiences across all popular platforms. "
target: 1492 Studio
Founded in 2014, 1492 Studio is a game development studio in France that develops free-to-play episodic and interactive romance stories on mobile. Their "Is it Love?" franchise is a series of interactive dramas that feature enthralling narratives, stylized artwork, and an interactive design.
price ($mm)
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closed 2/28/2017 via BNC Analysis

Ubisoft Entertainment S.A., acquired Growtopia

synopsis: Ubisoft announced it has acquired Growtopia, the beloved massively multiplayer and social game that gives players the framework and tools to create interactive game worlds. Growtopia is available on mobile, tablet and PC.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target parent: Robinson Technologies Corporation
target: Growtopia
Launched in 2013, Growtopia is a free-to-play game supported by a highly-engaged community of more than 20 million registered users. In Growtopia, players can create an infinite number of worlds, and make each one their own.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/18/2017 via BNC Analysis

Ubisoft Entertainment S.A., acquired FreeStyleGames

synopsis: Ubisoft, a leading producer, publisher and distributor of interactive entertainment products, has acquired FreeStyleGames, an award winning game development company based in the UK and are the creators of DJ Hero and Guitar Hero Live. They will be renamed as Ubisoft Leamington.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target parent: Activision Blizzard
target: FreeStyleGames
FreeStyleGames™ is an award winning game development company based in the UK and are the creators of DJ Hero and Guitar Hero Live. The company specializes in original intellectual property, focused on mass-market music-rhythm based gaming.
price ($mm)
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announced 9/28/2016 via BNC Analysis

Ubisoft Entertainment S.A., will acquire Ketchapp

synopsis: Ubisoft, a French multinational video game developer and publisher, is acquiring Ketchapp, a mobile game publisher. Since 2014, they’ve released many arcade like hits including 2048, ZigZag, Stack, Stick Hero, Twist, and Jelly Jump.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target: Ketchapp
Ketchapp is a mobile game publisher. Since 2014, they’ve released many arcade-y hits like 2048, ZigZag, Stack, Stick Hero, Twist, and Jelly Jump. They are based in Paris, France.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2015 via BNC Analysis

Ubisoft Entertainment S.A., acquired Longtail Studios

synopsis: Ubisoft, a leading producer, publisher and distributor of interactive entertainment products worldwid, has acquired Longtail Studios, a videogame developer based in Nova Scotia, Canada. Longtail Studios has experience developing for several platforms including the Xbox 360 Kinect, Playstation 3 Move, Nintendo Wii, Nintendo DS, and iOS.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target: Longtail Studios
Longtail Studios is a videogame developer based in Nova Scotia, Canada. The founding mission of the company was to create character driven video games. Longtail Studios has experience developing for several platforms including the Xbox 360 Kinect, Playstation 3 Move, Nintendo Wii and iOS.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/1/2013 via Reuters

Ubisoft Entertainment S.A., will acquire Future Games of London

synopsis: Ubisoft Entertainment SA announced the acquisition of Future Games of London. As part of the deal, the Company is adding the studio's staff and the Hungry Shark franchise to it's mobile business. Future Games of London is exclusively focused on developing free-to-play games for mobiles and tablets.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target: Future Games of London
Future Games of London (FGOL) was founded to build interactive entertainment for the emerging smart phone market. FGOL are exclusively a free-to-play studio. They have designed games that they believe have an immediate global appeal, recognition and understanding.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/24/2013 via BNC Analysis

Ubisoft Entertainment S.A., purchased Digital Chocolate Barcelona from Digital Chocolate, Inc.

synopsis: Ubisoft, a leading producer, publisher and distributor of interactive entertainment products, has acquired the Barcelona studio of struggling mobile company Digital Chocolate. Digital Chocolate develops high quality social games with virtual goods across growing platforms using its proprietary technology platform.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
seller: Digital Chocolate, Inc.
Digital Chocolate Barcelona is one of the offices of Digital Chocolate. The company develops high quality social games. Digital Chocolate Barcelona was responsible for Zombie Lane, Army Attack, Millionaire City and MMA Pro Fighter, among others.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2009 via Company Press Release

Ubisoft Entertainment S.A., acquired Action Pants, Inc.

synopsis: Ubisoft announced it will be expanding its studio operations to Vancouver, BC, Canada through the acquisition of video game developer Action Pants Inc. This marks Ubisoft’s first in-house development studio on the North American West Coast.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target: Action Pants, Inc.
Action Pants Inc was founded by industry veterans determined to create a studio with a common vision, instill a sense of community and create software that recognizes gameplay as king.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2006 via PR Newswire

Ubisoft Entertainment S.A., purchased the Driver franchise and most of the assets of the Reflections game development studio from Atari, Inc.

synopsis: Atari, Inc., one of the world's most recognized brands and leading third-party video game publisher, has completed its previously announced sale of the intellectual property and technology rights to the Driver(R) franchise as well as most of the assets and all of the personnel of Reflections Interactive Limited to Ubisoft.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
seller: Atari, Inc.
Atari, Inc. develops interactive games for all platforms and is one of the largest third-party publishers of interactive entertainment software in the U.S. Atari, Inc. is a majority-owned subsidiary of France- based Infogrames Entertainment SA, the largest interactive games publisher in Europe.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2017 via BNC Analysis

Ubisoft Entertainment S.A., acquired Growtopia

synopsis: Ubisoft announced it has acquired Growtopia, the beloved massively multiplayer and social game that gives players the framework and tools to create interactive game worlds. Growtopia is available on mobile, tablet and PC.
buyer: Ubisoft Entertainment S.A. (ENXTPA:UBI:$1,959.78)
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships. "
target parent: Robinson Technologies Corporation
target: Growtopia
Launched in 2013, Growtopia is a free-to-play game supported by a highly-engaged community of more than 20 million registered users. In Growtopia, players can create an infinite number of worlds, and make each one their own.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/1/2021 via GlobeNewswire

Nacon, will acquire Passtech Games

synopsis: Nacon, a French video game company, is to acquire 100% of Passtech Games. Created in 2012, Passtech has built its experience by developing several games (Space Run, Space Run Galaxy, Masters of Anima) on different platforms before specializing in rogue-like action games with Curse of the Dead Gods ®.
buyer: Nacon (ENXTPA:BIG:$179.92)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
target: Passtech Games
Created in 2012, Passtech has built its experience by developing several games (Space Run, Space Run Galaxy, Masters of Anima) on different platforms before specializing in rogue-like action games with Curse of the Dead Gods ®.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/31/2021 via Company Press Release

CD Projekt RED, will acquire Digital Scapes

synopsis: CD Projekt RED, a world-renowned videogame development studio in Poland, will acquire Digital Scapes, an ambitious video game development studio in Canada. Digital Scapes specializes in developing AAA multiplayer, console and PC games. The studio has worked on blockbuster games like Dying Light, Prototype, Warhammer 40,000, Cyberpunk 2077 and more.
buyer parent: CD Projekt S.A.
buyer: CD Projekt RED
CD Projekt RED is a world-renowned videogame development studio in Poland, famous for The Witcher series of RPG videogames. CD Projekt RED's mission is to make the best RPG games on the planet. The studio is home to over 300 game-making professionals from all over the globe. "
target: Digital Scapes
Digital Scapes is an ambitious video game development studio in Canada. Digital Scapes specializes in developing AAA multiplayer, console and PC games. The studio has worked on blockbuster games like Dying Light, Prototype, Warhammer 40,000, Cyberpunk 2077, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2021 via BusinessWire

Visual Concepts, purchased Game Division from HookBang

synopsis: 2K has acquired HookBang, LLC’s Austin-based video game division which will become part of Visual Concepts, the distinguished, wholly-owned studio and developer of the iconic NBA® 2K video game franchise.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Visual Concepts
Founded in 1988, Visual Concepts is the developer behind the 2K Sports games and the dominating success of the NBA 2K franchise. "
seller: HookBang
The acquisition includes HookBang, LLC’s Austin-based video game division. HookBang is a Creative Technology Studio that provides full-service software design and development for brands, agencies, and technology companies with hard problems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2021 via Reuters

Nuverse (Hong Kong) Ltd, acquired Moonton Technology Co., Ltd.

synopsis: ByteDance said its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. The deal values the gaming studio at around $4 billion, two sources told Reuters.
buyer parent: ByteDance
buyer: Nuverse (Hong Kong) Ltd
Nuverse, based in Hong Kong, is a game development and publishing company for players and developers around the world. They are dedicated to serving gamers worldwide by offering top-tier games, building a global community, and providing fun and inspiring experiences for every gamer. "
target: Moonton Technology Co., Ltd.
Moonton, based in Shanghai, is a mobile game designer that aims to provide the best mobile game experience to the players all over the world. Founded in 2014, Shanghai Moonton Technology Co., Ltd. (MOONTON) specializes in R&D and distribution of games to other countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2021 via BNC Analysis

Playrix, acquired Boolat LLC

synopsis: Playrix has acquired Ukrainian-based Boolat Games. Boolat is a game development company formed in 2001, experienced in PC retail, PC casual, PlayStation®3 and social game development. Boolat’s portfolio has dozens of projects, including Lagsters, Topatoi, Harvest Land, and Decurse.
buyer: Playrix
Playrix is a mobile game development company founded in 2004. They focus on free-to-play games for smartphones and tablets. Their games, Township, Fishdom and Gardenscapes have consistently been among the Top 50 Grossing Apps for iOS and Google Play since their release. "
target: Boolat LLC
Boolat is a game development company formed in 2001, experienced in PC retail, PC casual, PlayStation®3 and social game development. Boolat’s portfolio has dozens of projects, including Lagsters, Topatoi, Harvest Land, and Decurse. They are based in Ukraine.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2021 via gamesindustry.biz

Keywords Studios, acquired Tantalus Media

synopsis: Game services provider Keywords Studios has acquired a 85% interest in Tantalus Media, an Australian video game developer based in Australia. They were founded in 1994 and have worked on over 100 titles since, including Age of Empires, Cities Skylines, Mass Effect, and The Legend of Zelda: Twilight Princess.
buyer: Keywords Studios (AIM:KWS:$421.54)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target: Tantalus Media
Tantalus Media is an Australian video game developer based in Australia. They were founded in 1994 and have worked on over 100 titles since, including Age of Empires, Cities Skylines, Mass Effect, and The Legend of Zelda: Twilight Princess.
price ($mm)
$31
rev ($mm)
EBITDA ($mm)
$6
EV / rev
EV / EBITDA
7.8x
closed 3/3/2021 via BNC Analysis

Epic Games, acquired Tonic Games Group

synopsis: Epic Games announced the acquisition of Tonic Games Group, the parent company of Fall Guys: Ultimate Knockout developer Mediatonic. In addition to Mediatonic, Tonic Games Group includes publishing label The Irregular Corporation (Murder by Numbers, PC Building Simulator) and start-up studio Fortitude Games.
buyer: Epic Games
Epic is a leading interactive entertainment company and provider of 3D engine technology. Through Unreal Engine, Epic Games Store, and Epic Online Services, Epic provides an end-to-end digital ecosystem for developers and creators to build, distribute, and operate games and other content. "
target: Tonic Games Group
Tonic Games Group is the parent company of Fall Guys: Ultimate Knockout developer Mediatonic. In addition to Mediatonic, Tonic Games Group includes publishing label The Irregular Corporation (Murder by Numbers, PC Building Simulator) and start-up studio Fortitude Games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/25/2021 via BNC Analysis

Enad Global 7 AB, will acquire Innova Intellectual Properties S.à r.l.

synopsis: Enad Global 7 AB (publ) (EG7), a group of companies that develop, market, and publish video games, will acquire Innova Intellectual Property S.à r.l., a leading video game publisher in Russia. Innova focuses on publishing free-to-play Massively Multiplayer Online Role-Playing Game (MMORPG) titles. The company also publishes indie mobile games.
buyer: Enad Global 7 AB (OM:EG7:$78.25)
EG7 (Enad Global 7) is a family of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 100+ game developers and develops its own original IP:s. "
target: Innova Intellectual Properties S.à r.l.
Innova is a leading video game publisher in Russia. Innova focuses on publishing free-to-play Massively Multiplayer Online Role-Playing Game (MMORPG) titles. Their games include Lineage 2, Ragnarök Online, Point Blank, Aion, RF Online and more. The company also publishes indie mobile games.
price ($mm)
$133
rev ($mm)
$40
EBITDA ($mm)
$16
EV / rev
3.3x
EV / EBITDA
8.1x
announced 2/24/2021 via Company Press Release

Thunderful, will acquire Headup GmbH

synopsis: Thunderful Group AB, a Swedish games publisher, will acquire Headup, a hybrid games publishing and development company in Germany. Headup provides players worldwide with the best content in the independent gaming sector. Their games include Pumpkin Jack, Lost at Sea, Industria, and more.
buyer: Thunderful (OM:THUNDR:$365.31)
Based in Sweden, Thunderful AB was founded as a parent company to Gothenburg, Sweden-based game development studios Image & Form International AB and Zoink AB, two of the most successful veterans in the Swedish gaming industry. Thunderful is a veritable video-gaming powerhouse on all platforms. "
target: Headup GmbH
Headup is a hybrid games publishing and development company in Germany. Headup provides players worldwide with the best content in the independent gaming sector. The company has released over 100 titles on all major platforms. Their games include Pumpkin Jack, Lost at Sea, Industria, and more.
price ($mm)
$6.06
rev ($mm)
$5
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
announced 2/10/2021 via Company Press Release

Zordix AB, will acquire Just For Games SAS

synopsis: Zordix AB has entered into an agreement to acquire 100 percent of the shares in the French gaming publisher and game distributor Just For Games SAS. JFG distributes primarily in the premium segment and in close collaboration with international gaming publishers such as Microsoft, Maximum Games and Marvelous.
buyer: Zordix AB (NGM:ZORDIX B:$4.09)
Zordix is a multinational game developer & publisher with its headquarter in Umeå in northern Sweden. Zordix is divided into four main units: Zordix Racing, Dimfrost Studio, Invictus Games and Zordix Publishing. "
target: Just For Games SAS
Just For Games is a leading French game distributor and publisher of games for PC and consoles. JFG distributes primarily in the premium segment and in close collaboration with international gaming publishers such as Microsoft, Maximum Games and Marvelous.
price ($mm)
$17
rev ($mm)
$36
EBITDA ($mm)
$5
EV / rev
0.5x
EV / EBITDA
3.6x
announced 2/3/2021 via Company Press Release

Easybrain Ltd will be merged with Embracer Group,

synopsis: Embracer adds Easybrain, a leading mobile game developer with proven ability to launch, scale up and operate multiple global category leaders within the logic and puzzle game genre. Easybrain sees a great opportunity in being supported by Embracer to continue developing strong mobile game titles.
buyer: Embracer Group (OM:EMBRAC B:$990.33)
Based in Sweden, Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. Embracer Group has an extensive catalogue of over 200 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Metro, amongst many others."
target: Easybrain Ltd
Based in Belarus, Easybrain has developed numerous popular puzzle and logic game titles and is currently operating 15 live mobile game titles with a long lifetime, of which multiple games have become category leaders within its dedicated niche.
price ($mm)
$655
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2021 via BNC Analysis

Aspyr Media merged with Saber Interactive,

synopsis: Embracer Group, via its wholly owned subsidiary Saber Interactive, has acquired US-based developer Aspyr Media by merger. Aspyr Media is an American video game developer and publisher that has been behind games such as Civilization VI, Borderlands 2, Layers of Fear, Observer, Star Wars™ Jedi Knight: Jedi Academy™, Torn, Jade Empire, and InnerSpace.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Aspyr Media
Aspyr Media, Inc. is an American video game developer and publisher that has been behind games such as Civilization VI, Borderlands 2, Layers of Fear, Observer, Star Wars™ Jedi Knight: Jedi Academy™, Torn, Jade Empire, and InnerSpace.
price ($mm)
$101
rev ($mm)
$41
EBITDA ($mm)
EV / rev
11.2x
EV / EBITDA
announced 2/1/2021 via Company Press Release

Stillfront Group AB, will acquire Moonfrog Labs Pvt Ltd.

synopsis: Stillfront Group AB has entered into an agreement to acquire 100% of the shares in Moonfrog Labs Private Limited, a rapidly growing independent game studio based in Bangalore, India, focusing on Board and Social Card Games. Moonfrog has an extensive games portfolio including successful titles such as Ludo Club, Jalebi and Teen Patti Gold.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
target: Moonfrog Labs Pvt Ltd.
India-based Moonfrog Labs is a rapidly growing developer and publisher of market-leading Board and Social Card Games. The studio, which was founded in 2013, has an extensive games portfolio of more than 20 games, including successful titles such as Ludo Club, Jalebi and Teen Patti Gold.
price ($mm)
$90*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/1/2021 via BNC Analysis

Sumo Digital Ltd., acquired PixelAnt Games sp. z o. o.

synopsis: SumoDigital, a Sumo Group Company is pleased to announce its tenth studio and family member, PixelAnt Games sp. z o. o., based in Wroclaw, Poland. PixelAnt Games is a leader in work-for-hire, co-development, and original IP projects across current and next-gen platforms.
buyer: Sumo Digital Ltd. (AIM:SUMO:$74.40)
Sumo is an award-winning game developer headquartered in Sheffield, with eight UK studios and one studio in India. Sumo is recognised for its versatility, proprietary technology, and creativity across a portfolio of games featuring titles for major publishers, including Microsoft, Sony, Sega and 2K."
target: PixelAnt Games sp. z o. o.
PixelAnt Games was founded in 2020, and under the leadership of Pawel Rohleder and Adam Lasoń. PixelAnt Games. Based in Wroclaw, Poland, the studio is a leader in work-for-hire, co-development, and original IP projects across current and next-gen platforms.
price ($mm)
$0.34
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/27/2021 via Company Press Release

Three Gates AB, will acquire Tableflip Entertainment AB

synopsis: Three Gates has signed a letter of intent with Tableflip Entertainment AB to acquire the assets in Tableflip, a game developer, located in the heart of Gothenburg, Sweden, focusing on creating new and exciting experiences. Tableflip lacks active business today, but owns the rights to a smaller portfolio of retro-style games.
buyer: Three Gates AB (NGM:GATE:$2.39)
Three Gates AB is a publicly listed game development company based on the island of Gotland, off the east coast of Sweden. Founded in 2011, Three Gates is a team of experienced professionals, all gathered in a unique location with an unwavering drive and passion for the video game sector. "
target: Tableflip Entertainment AB
Tableflip Entertainment is a game developer, located in the heart of Gothenburg, Sweden, focusing on creating new and exciting experiences. Tableflip lacks active business today, but owns the rights to a smaller portfolio of retro-style games.
price ($mm)
$0.06
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/21/2021 via GlobeNewswire

Nacon, will acquire Big Ant Studios

synopsis: Nacon announced the acquisition of Big Ant Studios, one of Australia's largest and oldest independent video game developers. The studio has developed games for legendary franchises such as Spyro the Dragon but is best known for its high quality sports franchises.
buyer: Nacon (ENXTPA:BIG:$179.92)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
target: Big Ant Studios
Founded in 2001, Big Ant is one of Australia's largest and oldest independent video game developers. The studio has developed games for legendary franchises such as Spyro the Dragon but is best known for its high quality sports franchises.
price ($mm)
$18
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/5/2021 via BNC Analysis

Nintendo, will acquire Next Level Games

synopsis: Nintendo, one of the world's largest video game companies, will acquire Next Level Games, an independent video game developer in Canada. Next Level Games works closely with Nintendo and develops award-winning titles for the Nintendo Switch, Wii, and 3DS. Their titles include Luigi’s Mansion: Dark Moon, Punch-Out!!, Super Mario Strikers, and more.
buyer: Nintendo (TSE:7974:$15,905.43)
Nintendo is one of the world's largest video game companies. Nintendo's mission is to put smiles on the faces of everyone they touch. The company produces video game consoles and has numerous influential video game franchises, including Mario, Donkey Kong, The Legend of Zelda, and more. "
target: Next Level Games
Next Level Games is an independent video game developer in Canada. Next Level Games works closely with Nintendo and develops award-winning titles for the Nintendo Switch, Wii, and 3DS. Their titles include Luigi’s Mansion: Dark Moon, Punch-Out!!, Super Mario Strikers, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/15/2020 via Company Press Release

Keywords Studios, will acquire High Voltage Software

synopsis: Keywords Studios, an international technical and creative services provider to the global video games industry, will acquire High Voltage Software, an award-winning game developer that develops for all major platforms. High Voltage has worked on games in various genres, including first-person shooters, collectible card games, and platformers.
buyer: Keywords Studios (AIM:KWS:$421.54)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target: High Voltage Software
High Voltage Software is a game developer that develops for all major platforms. High Voltage prides itself on creating high-quality interactive content and experiences. The studio has worked on games in various genres, including first-person shooters, collectible card games, and platformers.
price ($mm)
$34
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/25/2020 via BNC Analysis

Kongregate Inc., will purchase Three Mobile Games from The Walt Disney Company

synopsis: Kongregate, a leading game publisher and web gaming portal, announced that it is taking over operations of three Disney mobile games: Maleficent Free Fall, Inside Out: Thought Bubbles, and Where’s My Water? 2.
buyer parent: Modern Times Group MTG AB
buyer: Kongregate Inc.
Kongregate is a leading game publisher and web gaming portal. Kongregate’s mobile games have been downloaded tens of millions of times and have hundreds of millions of gameplays. Kongregate's web portal features over 100,000 free games played by tens of millions of players per month. "
seller: The Walt Disney Company (DIS:$69,762.00)
The acquisition includes three Disney mobile games: Maleficent Free Fall, Inside Out: Thought Bubbles, and Where’s My Water? 2. The three free-to-play games have combined for over 224 million downloads.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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  • drill down
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Ticker: TSXV:LAB
 
 
 
 
 
 
 
 
Tangelo Games
Tangelo Games
Tangelo's team of gaming experts committed to deliver cutting-edge, future ready, scalable gaming assets to the marketplace. This translates into a collection of fun, casual, casino themed games that are free to play and generate revenue primarily through the in-game/in-app sale of virtual coins.
year
2015
rev ($mm)
$11.56
EBITDA ($mm)
($2.63)
EBIT ($mm)
($2.62)
Net Income ($mm)
$0.40
Employees
35
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Ticker: KOSDAQ:A299910
 
 
 
 
 
 
 
 
Vespa Inc
Vespa Inc
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores.
year
2018
rev ($mm)
$109.59
EBITDA ($mm)
$25.02
EBIT ($mm)
$24.85
Net Income ($mm)
Employees
0
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Ticker: KOSDAQ:A060240
 
 
 
 
 
 
 
 
Longtu Korea Inc.
Longtu Korea Inc.
Longtu Korea Inc. is an Android game developer that has been active since 2015. The current app portfolio contains 4 games. Longtu Korea is known for its popular mobile MMORPG Sword and Magic.
year
2018
rev ($mm)
$53.10
EBITDA ($mm)
$4.05
EBIT ($mm)
$0.42
Net Income ($mm)
Employees
77
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Ticker: OM:MAGI
 
 
 
 
 
 
 
 
MAG Interactive
MAG Interactive is a leading mobile developer and publisher of casual mobile games in Sweden. MAG Interactive creates quality experiences that make players want to come back for more. Their portfolio of games include Ruzzle, Word Domination, Wordbrain, Paint Hit, Quiz Duel, and more.
year
2020
rev ($mm)
$29.50
EBITDA ($mm)
($1.53)
EBIT ($mm)
($2.23)
Net Income ($mm)
Employees
92
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Ticker: ASX:AB1
 
 
 
 
 
 
 
 
Animoca Brands
Animoca Brands is a mobile game publisher and developer. Animoca Brands develops and publishes great mobile games based on globally loved popular brands like Garfield, Ben10, Doraemon, Ultraman and Astro Boy. The company's games have been downloaded over 280 million times.
year
2018
rev ($mm)
$8.69
EBITDA ($mm)
($3.50)
EBIT ($mm)
($3.73)
Net Income ($mm)
Employees
70
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Ticker: TSE:3659
 
 
 
 
 
 
 
 
NEXON Co., Ltd.
NEXON Co., Ltd.
Based in Japan, NEXON Co. is a global leader in online games, with more than 100 live games operated across more than 190 countries. Nexon pioneered micro-transactions and the free-to-play business model, and is widely credited with unmatched global expertise in sophisticated live game operations.
year
2019
rev ($mm)
$2,372.01
EBITDA ($mm)
$1,035.14
EBIT ($mm)
$970.78
Net Income ($mm)
$1,059.35
Employees
6441
  • drill down
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Ticker: KOSDAQ:A263750
 
 
 
 
 
 
 
 
Pearl Abyss
Pearl Abyss
Pearl Abyss is the Korean studio behind the hit PC MMORPG Black Desert Online, which was named MMORPG of the Year in 2016. Since the company's founding in 2010, it has successfully launched its game in South Korea, Japan, Russia, North/South America, Europe, Taiwan, and 100 other countries.
year
2017
rev ($mm)
$104.01
EBITDA ($mm)
$58.85
EBIT ($mm)
$57.44
Net Income ($mm)
$43.97
Employees
0
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Ticker: WSE:MGS
 
 
 
 
 
 
 
 
Macro Games S.A.
Macro Games S.A.
Macro Games S.A. is a Polish company that operates CSCenter.pl and MyCraft.pl, gaming websites that provide the latest news, videos and live streams for the games Counter-Strike and Minecraft. The company produces games as well, mainly in the MMORPG genre using a free-to-play business model.
year
2017
rev ($mm)
$1.24
EBITDA ($mm)
$0.25
EBIT ($mm)
$0.14
Net Income ($mm)
$0.06
Employees
  • drill down
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Ticker: TSXV:POPR
 
 
 
 
 
 
 
 
PopReach
PopReach
PopReach is a free-to-play game publisher in Canada. PopReach is focused on acquiring and optimizing proven game franchises. Their franchises include Smurfs' Village, Kitchen Scramble, Gardens of Time, City Girl Life, War of Nations and Kingdoms of Camelot.
year
2020
rev ($mm)
$18.72
EBITDA ($mm)
($1.48)
EBIT ($mm)
($0.21)
Net Income ($mm)
Employees
107
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Ticker: KNM
 
 
 
 
 
 
 
 
Konami Corporation
Konami Corporation
Konami Corporation develops, publishes, markets, and distributes video game software products for stationary and portable consoles, as well as for use on personal computers. It operates in three segments: Digital Entertainment, Gaming & Systems, and Health & Fitness.
year
2012
rev ($mm)
$265,758.00
EBITDA ($mm)
$51,370.00
EBIT ($mm)
$41,292.00
Net Income ($mm)
$23,012.00
Employees
5362
  • drill down
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Ticker: SEHK:700
 
 
 
 
 
 
 
 
Tencent Holdings Ltd.
Tencent Holdings Ltd.
Tencent Holdings Limited is an investment holding company involved in providing internet and mobile value-added services (VAS), online advertising services and e-commerce transactions services
year
2020
rev ($mm)
$70,260.21
EBITDA ($mm)
$25,367.11
EBIT ($mm)
$18,437.35
Net Income ($mm)
$18,893.41
Employees
77592
  • drill down
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Ticker: TSE:7974
 
 
 
 
 
 
 
 
Nintendo
Nintendo
Nintendo Co., Ltd. is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world's largest video game company by revenue.
year
2020
rev ($mm)
$15,905.43
EBITDA ($mm)
$5,443.81
EBIT ($mm)
$5,349.32
Net Income ($mm)
$3,988.30
Employees
6200
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Ticker: NTES
 
 
 
 
 
 
 
 
NetEase, Inc.
NetEase, Inc.
NetEase, Inc. is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops some of China’s most popular PC-client and mobile games, e-commerce businesses, advertising and e-mail services.
year
2019
rev ($mm)
$10,750.03
EBITDA ($mm)
$1,998.42
EBIT ($mm)
$1,637.88
Net Income ($mm)
$1,273.77
Employees
23687
  • drill down
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Ticker: ATVI
 
 
 
 
 
 
 
 
Activision Blizzard
Activision Blizzard
Activision Blizzard, Inc., a member of the S&P 500, is the world's most successful standalone interactive entertainment company. Activision Blizzard develops and publishes games based on some of the most beloved entertainment franchises, including Call of Duty, Guitar Hero, and World of Warcraft.
year
2016
rev ($mm)
$5,946.00
EBITDA ($mm)
$1,893.00
EBIT ($mm)
$1,279.00
Net Income ($mm)
$872.00
Employees
7190
  • drill down
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Ticker: NasdaqGS:EA
 
 
 
 
 
 
 
 
Electronic Arts Inc.
Electronic Arts Inc.
Electronic Arts (EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.
year
2020
rev ($mm)
$5,670.00
EBITDA ($mm)
$1,432.00
EBIT ($mm)
$1,272.00
Net Income ($mm)
$1,179.00
Employees
9800
  • drill down
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Ticker: TTWO
 
 
 
 
 
 
 
 
Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc.
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone.
year
2020
rev ($mm)
$3,293.88
EBITDA ($mm)
$602.90
EBIT ($mm)
$522.71
Net Income ($mm)
$492.80
Employees
5800
  • drill down
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Ticker: SGAMY
 
 
 
 
 
 
 
 
Sega Sammy Holdings Inc.
Sega Sammy Holdings Inc.
The SEGA SAMMY Group is involved in a wide range of business operations, encompassing Sammy’s pachislot and pachinko machine business; entertainment contents business focused on SEGA Group’s digital game business; and resort business, which is represented by the development and operation of hotels.
year
2019
rev ($mm)
$3,024.74
EBITDA ($mm)
$300.70
EBIT ($mm)
$110.24
Net Income ($mm)
$24.10
Employees
7726
  • drill down
  • watch
Ticker: TSE:3659
 
 
 
 
 
 
 
 
NEXON Co., Ltd.
NEXON Co., Ltd.
Based in Japan, NEXON Co. is a global leader in online games, with more than 100 live games operated across more than 190 countries. Nexon pioneered micro-transactions and the free-to-play business model, and is widely credited with unmatched global expertise in sophisticated live game operations.
year
2019
rev ($mm)
$2,372.01
EBITDA ($mm)
$1,035.14
EBIT ($mm)
$970.78
Net Income ($mm)
$1,059.35
Employees
6441
  • drill down
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Ticker: KOSE:A251270
 
 
 
 
 
 
 
 
Netmarble
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide.
year
2020
rev ($mm)
$2,172.96
EBITDA ($mm)
$316.20
EBIT ($mm)
$216.44
Net Income ($mm)
$190.45
Employees
0
  • drill down
  • watch
Ticker: ENXTPA:UBI
 
 
 
 
 
 
 
 
Ubisoft Entertainment S.A.
Ubisoft Entertainment S.A.
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships.
year
2019
rev ($mm)
$1,959.78
EBITDA ($mm)
($11.18)
EBIT ($mm)
$138.09
Net Income ($mm)
Employees
15913
  • drill down
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Ticker: OM:EMBRAC B
 
 
 
 
 
 
 
 
Embracer Group
Embracer Group
Embracer Group is a Swedish video game holding company. Embracer Group is the parent company of THQ Nordic, Koch Media and Coffee Stain. The Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more.
year
2020
rev ($mm)
$990.33
EBITDA ($mm)
$239.14
EBIT ($mm)
$55.45
Net Income ($mm)
$58.20
Employees
3024
  • drill down
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Ticker: TSE:3632
 
 
 
 
 
 
 
 
Gree, Inc.
Gree, Inc.
GREE develops games at its studios in Japan, North America, and South Korea, producing high-ranking titles in the app markets of each region. The company was founded in 2004.
year
2018
rev ($mm)
$703.90
EBITDA ($mm)
$97.60
EBIT ($mm)
$85.11
Net Income ($mm)
$42.53
Employees
1416
  • drill down
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Ticker: SEHK:777
 
 
 
 
 
 
 
 
NetDragon WebSoft Inc.
NetDragon WebSoft Inc.
NetDragon Websoft Inc. is a leading innovator and creative force in China's online gaming and mobile internet industries. NetDragon offers many well-known mobile Internet products and services, including 91 Assistant, HiMarket, 91 Launcher,91 Panda Reader,sj.91.com and www.hiapk.com.
year
2017
rev ($mm)
$615.68
EBITDA ($mm)
$29.42
EBIT ($mm)
($7.39)
Net Income ($mm)
Employees
6446
  • drill down
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Ticker: NasdaqGS:BILI
 
 
 
 
 
 
 
 
Bilibili Inc.
Bilibili Inc.
Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
year
2018
rev ($mm)
$537.71
EBITDA ($mm)
($23.79)
EBIT ($mm)
($72.85)
Net Income ($mm)
Employees
1903
  • drill down
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