Like Super Free Games, Inc.

announced 12/23/2020 via Company Press Release

Stillfront Group AB, will acquire Super Free Games, Inc.

See 658 Comparable Transactions
synopsis: Stillfront Group AB entered into an agreement to acquire 100 percent of the shares in Super Free Games, Inc. (under name change from Super Lucky Casino Inc.), a rapidly growing and profitable US-headquartered gaming company focusing on market-leading Casual games including successful titles such as Word Collect, Word Nut and Trivia Star.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
 target: Super Free Games, Inc.
Founded in 2011, Super Free Games (under name change from Super Lucky Casino) is a San Francisco based rapidly growing developer of market leading Casual and Mash-up games. The company possesses a strong portfolio of games, including successful titles such as Word Collect, Word Nut and Trivia Star.
price ($mm)
$150
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/19/2021 via gamesindustry.biz

Netmarble, acquired Kung Fu Factory

See 658 Comparable Transactions
synopsis: Netmarble, a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, an independent game developer devoted to creating fun games of all kinds. Kung Fu Factory develops best-in-class AAA mobile games that provide innovative entertaining experiences. Their titles include WWE Champions, TMNT: Rooftop Run, and more.
buyer: Netmarble (KOSE:A251270:$2,172.96)
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide. "
 target: Kung Fu Factory
Kung Fu Factory is an independent game developer devoted to creating fun games of all kinds. Kung Fu Factory develops best-in-class AAA mobile games that provide innovative entertaining experiences. Their titles include WWE Champions, Hotel Transylvania: Blast, TMNT: Rooftop Run, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2021 via gamesindustry.biz

Phoenix Games, acquired SmileyGamer

See 658 Comparable Transactions
synopsis: Phoenix Games, an international family of games companies, has acquired SmileyGamer, a mobile games developer and publisher in Belgium. SmileyGamer has a strong focus on the match-3 genre. Their titles include Easter Egg Match, Shape Matcher, Christmas Sweeper 3, and more.
buyer: Phoenix Games
Phoenix Games is an international group of free-to-play games companies. Phoenix is on a mission to to build a family of the world's most talented game developers and service providers. Phoenix believes that backing great companies with the freedom to create will yield exciting results for everyone."
 target: SmileyGamer
SmileyGamer is a mobile games developer and publisher in Belgium. SmileyGamer has a strong focus on the match-3 genre. In addition to their in-house games the company publishes promising games from other developers. Their titles include Easter Egg Match, Shape Matcher, Christmas Sweeper 3, and more.
price ($mm)
rev ($mm)
$6
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/30/2020 via BNC Analysis

Voodoo SAS, acquired OHM Games

See 658 Comparable Transactions
synopsis: Voodoo, a French mobile game publisher and developer, has acquired OHM Games, a hyper-casual game studio in France. OHM Games develops simple and fun hyper-casual games for iOS and Android devices. Their portfolio of games include Knock Balls, Wall Clean, Smash Balls: Crazy Home Run, Knock'em All, Pop Art Printer 3D, and more.
buyer: Voodoo SAS
Voodoo is a French mobile game publisher and developer. Voodoo focuses on creating free-to-play "hyper casual games" for Android and iOS. Their hit games include Helix Jump, Snake VS Block, Paper.io, and more. Their games have over 300M monthly active users and more than 2 billion downloads. "
 target: OHM Games
OHM Games is a hyper-casual game studio in France. OHM Games develops simple and fun hyper-casual games for iOS and Android devices. Their portfolio of games include Knock Balls, Wall Clean, Smash Balls: Crazy Home Run, Knock'em All, Pop Art Printer 3D, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/21/2020 via gamesindustry.biz

MAG Interactive, will acquire Apprope

See 658 Comparable Transactions
synopsis: MAG Interactive, a leading mobile developer and publisher of casual mobile games in Sweden, will acquire Apprope, an independent game studio in Sweden. Apprope focuses on creating casual games for Android and iOS devices. Their best known game is Word Bubbles, an exciting and fun word puzzle game.
buyer: MAG Interactive (OM:MAGI:$29.50)
MAG Interactive is a leading mobile developer and publisher of casual mobile games in Sweden. MAG Interactive creates quality experiences that make players want to come back for more. Their portfolio of games include Ruzzle, Word Domination, Wordbrain, Paint Hit, Quiz Duel, and more. "
 target: Apprope
Apprope is an independent game studio in Sweden. Apprope focuses on creating casual games for Android and iOS devices. Their best known game is Word Bubbles, an exciting and fun word puzzle game. Their other titles include Word Mansion, WordWhizzle Search, and WordWhizzle Themes.
price ($mm)
$5.90
rev ($mm)
$2
EBITDA ($mm)
EV / rev
5.6x
EV / EBITDA
closed 10/28/2020 via Company Press Release

Stillfront Group AB, acquired Everguild Limited

See 658 Comparable Transactions
synopsis: Stillfront Group AB, a leading free-to-play powerhouse of gaming studios, has acquired 100% of the shares in Everguild Limited, a rapidly growing independent game studio focusing on the digital Collectible Card Games (CCG) genre.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Everguild Limited
Everguild is an independent game studio operating from UK and Spain, with a particular focus on polished mobile Collectible Card Games.
price ($mm)
$1.38
rev ($mm)
$2
EBITDA ($mm)
EV / rev
9.3x
EV / EBITDA
announced 10/8/2020 via BNC Analysis

Leaf Mobile, will acquire East Side Games

See 658 Comparable Transactions
synopsis: Leaf Mobile, a mobile game developer in Canada, will acquire East Side Games, one of the biggest mobile gaming companies in Canada. East Side Games aims to create fun, comedic, and addictive games. Their titles include Dragon Up: Idle Adventure, Archer Danger Phone, Trailer Park Boys: Greasy Money and more.
buyer: Leaf Mobile (TSXV:LEAF:$6.17)
Leaf Mobile is a mobile game developer in Canada. Leaf Mobile is focused on creating engaging games that produce enduring player enjoyment. The company develops cannabis games through their LDRLY Games studio. Their games include Bud Farm Idle Tycoon, Bud Farm 420, Cheech & Chong Bud Farm, and more."
 target: East Side Games
East Side Games is one of the biggest mobile gaming companies in Canada. East Side Games aims to create fun, comedic, and addictive games while remaining passionate about their communities. Their titles include Dragon Up: Idle Adventure, Archer Danger Phone, Trailer Park Boys: Greasy Money and more.
price ($mm)
$112
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/8/2020 via Company Press Release

My.Games, will acquire Deus Craft

See 658 Comparable Transactions
synopsis: My.Games, an international gaming brand, will acquire a 51.16% stake in Deus Craft, a mobile games development studio in Russia. Deus Craft has released more than 40 casual games in the time management, match3, 3D arcanoid, FPS and HOPA genres. Their games include Game of Evolution: Clicker, Turbo Team, Dress Up Fever, Grand Hotel Mania, and more.
buyer parent: Mail.Ru LLC
buyer: My.Games
My.Games is a Moscow-based video game company that creates and publishes games all over the world. My.Games offers an extensive library of games and software that has reached over 500 million players worldwide. They create titles for PC, consoles, and mobile devices. "
 target: Deus Craft
Deus Craft is a mobile games development studio in Russia. Deus Craft has released more than 40 casual games in the time management, match3, 3D arcanoid, FPS and HOPA genres. Their games include Game of Evolution: Clicker, Turbo Team, Dress Up Fever, Grand Hotel Mania, and more.
price ($mm)
$14*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2020 via BNC Analysis

Stillfront Group AB, will acquire Nanobit d.o.o.

See 668 Comparable Transactions
synopsis: Stockholm-based video games holding company Stillfront Group has announced that it has agreed to acquire Croatian mobile developer-publisher Nanobit. Nanobit's titles primarily encompass lifestyle simulation role playing games (RPGs) targeted at a female audience.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Nanobit d.o.o.
Nanobit is an award-winning global game development studio based in Zagreb, Croatia with a worldwide reach of millions of players across countries and languages. Their titles primarily encompass lifestyle simulation role playing games (RPGs) targeted at a female audience.
price ($mm)
$103
rev ($mm)
$73
EBITDA ($mm)
EV / rev
2.1x
EV / EBITDA
announced 8/19/2020 via BNC Analysis

Mingchen Health Co., Ltd., will acquire Leiyan Game

See 658 Comparable Transactions
synopsis: Mingchen Health, a Chinese manufacturer of personal health care products, will acquire Hangzhou Leiyan Network Technology Co., Ltd. (Leiyan Game), a mobile game developer in China. Leiyan Game develops mobile idle games. Their titles include Hundred Dragons, Biography of Heroes, and Heroes of the Three Kingdoms.
buyer: Mingchen Health Co., Ltd. (SZSE:002919:$72.09)
Mingchen Health is a Chinese manufacturer of personal health care products. Mingchen develops and produces shampoo, conditioner, shower gel, gel water and skin care products. Their brands include Beauty Show, Meiwang, Chucui, and Yingkou. "
 target: Leiyan Game
Leiyan Game is a mobile game developer in China. Leiyan Game is focused on developing high-quality games for a global, multi-language audience. The company has developed a portfolio of idle games. Their titles include Hundred Dragons, Biography of Heroes, and Heroes of the Three Kingdoms.
price ($mm)
$18
rev ($mm)
$1
EBITDA ($mm)
EV / rev
21.6x
EV / EBITDA
announced 8/18/2020 via BusinessWire

Take-Two Interactive Software, Inc., will acquire Dots

See 657 Comparable Transactions
synopsis: Take-Two Interactive Software, Inc. announced that it has entered into a definitive agreement to acquire privately-held Playdots, Inc., a company that builds mobile games with unique and thoughtful designs. The studio has created three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded over 100 million times.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,363.12)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. "
 target: Dots
Founded in 2013 and based in New York City, Playdots builds mobile games with unique and thoughtful designs. The studio has created three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded over 100 million times.
price ($mm)
$192
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/2/2020 via BusinessWire

Zynga, Inc., acquired Rollic

See 658 Comparable Transactions
synopsis: Zynga Inc., a global leader in interactive entertainment, has acquired Istanbul-based Rollic, a mobile games developer and publisher with an exciting portfolio of popular hyper-casual games that have been downloaded more than 250 million times.
buyer: Zynga, Inc. (ZNGA:$1,605.21)
Zynga is an American video game developer running social video game services since 2007. The company develops social games that work stand-alone on mobile phone platforms such as Apple iOS, Android, Windows Phone and on the Internet through its website, Zynga.com, and social networking websites. "
 target: Rollic
Founded in December 2018, Rollic is an Istanbul-based game developer and publisher, focused on free-to-play hyper-casual games for iOS and Android.
price ($mm)
$168*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2020 via BNC Analysis

PlayWay S.A., acquired GamePlanet Poland

See 657 Comparable Transactions
synopsis: PlayWay, a company that produces and publishes video and mobile games in Poland, has acquired GamePlanet, a company that develops and produces online video games and is also based in Warsaw, Poland.
buyer: PlayWay S.A. (WSE:PLW:$34.88)
PlayWay S.A. produces and publishes video and mobile games in Poland. They develop games for PC, Android, iPhone, iPad, and Mac platforms. Their games are sold or downloaded worldwide. They sell their products on the STEAM, AppStore, and GooglePlay platforms. "
 target: GamePlanet Poland
GamePlanet, founded in 2013, develops and produces online video games and is based in Warsaw, Poland.
price ($mm)
$0.01*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/15/2020 via Company Press Release

Three Gates AB, acquired Wordie App

See 658 Comparable Transactions
synopsis: Three Gates has acquired Wordie from The Fast Mind Inc. Wordie is a trivia game where the player must figure out the correct word based on four pictures. The player can create new levels in the game, which currently includes over 5,000 levels.
buyer: Three Gates AB (NGM:GATE:$2.39)
Three Gates AB is a publicly listed game development company based on the island of Gotland, off the east coast of Sweden. Founded in 2011, Three Gates is a team of experienced professionals, all gathered in a unique location with an unwavering drive and passion for the video game sector. "
 target parent: The Fast Mind Inc.
target: Wordie App
Wordie is a trivia game where the player must figure out the correct word based on four pictures. The player can create new levels in the game, which currently includes over 5,000 levels. It is available for Android and iOS devices, Kindle and Facebook.
price ($mm)
$0.20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/22/2020 via BNC Analysis

SciPlay Corporation, acquired Come2Play Ltd.

See 658 Comparable Transactions
synopsis: SciPlay Corporation has acquired Come2Play, Ltd., an Israeli based developer and manager of casual mobile games. Headquartered in Tel Aviv, Israel, Come2Play's social mobile games are enjoyed by casual game players from around the world.
buyer: SciPlay Corporation (SCPL:$465.70)
SciPlay Corporation is a leading developer and publisher of digital games on mobile and web platforms. SciPlay currently offers seven core games, including social casino games Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino and Quick Hit Slots, and more. "
 target: Come2Play Ltd.
Headquartered in Tel Aviv, Israel, Come2Play's social mobile games are enjoyed by casual game players from around the world. Come2Play's innovative game, Solitaire Pets Adventure, presents a new and fresh spin on the classic game solitaire.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/30/2020 via BNC Analysis

Sheepyard sp. z o. o. will be merged with BOA S.A.,

See 658 Comparable Transactions
synopsis: Sheepyard Sp z o. o., a Polish developer and publisher of mobile and Free-to-play games, will merge with BOA SA, a Warsaw-based consulting company. The goal of the merger is to use the complementary competencies of both companies to create a strong entity operating in the mobile games industry, which has the status of a public company.
buyer: BOA S.A. (WSE:BOA:$0.01)
Poland-based BOA is a consulting company that provides specialized advisory services to all areas of company operations. BOA creates strategies from scratch, implements them, and customizes them to each company's particular needs, such as building company value for its shareholders and owners. "
 target: Sheepyard sp. z o. o.
Poland-based Sheepyard operates in the mobile games industry and produces and publishes Free-to-play games. The Sheepyard portfolio includes the games Voxel Clicker, Looty Woods, Idle Trains, and Stormbound, as well as six planned titles in the genres of Idle Tycoon, Arcade, or Casual.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2020 via BNC Analysis

Scopely, acquired PierPlay

See 658 Comparable Transactions
synopsis: Scopely, a company that brings industry-leading distribution and monetization technology to free-to-play games, has acquired PierPlay, a mobile video game development studio. PierPlay is the maker of the recently launched Scrabble Go mobile word game.
buyer: Scopely
Scopely partners and collaborates with game developers and global entertainment companies to bring industry-leading distribution and monetization technology to free-to-play games. Scopely oversees marketing, analytics, ads, business development, live ops, quality assurance, community management. "
 target: PierPlay
PierPlay is a mobile video game development studio founded in 2016 by a team of industry veterans with a track record of shipping top grossing games played by millions. PierPlay is the maker of the recently launched Scrabble Go mobile word game.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/23/2020 via BNC Analysis

Stillfront Group AB, will acquire Candywriter, LLC

See 658 Comparable Transactions
synopsis: Stillfront Group AB, a leading free-to-play powerhouse of gaming studios, announced the signing of an agreement to acquire Candywriter, LLC, a US based mobile games developer and publisher focusing on casual and mash-up games.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Candywriter, LLC
Candywriter, LLC is a US based mobile games developer and publisher focusing on casual and mash-up games. Candywriter's flagship title is BitLife, an innovative text-based life simulation game. BitLife was among the top 5 most downloaded games on iOS in 2019.
price ($mm)
$74
rev ($mm)
$27
EBITDA ($mm)
$15
EV / rev
7.3x
EV / EBITDA
12.7x
closed 2/19/2020 via gamesindustry.biz

Azerion BV, acquired Spil Games

See 658 Comparable Transactions
synopsis: Azerion, a media, gaming, and technology company in Amsterdam, has acquired Netherland-based Spil Games, a leading casual game developer. Following the completion of the acquisition, Azerion's games will be added to Spil portals, with another 15,000 to be integrated from Game Distribution, another Azerion firm.
buyer: Azerion BV
Azerion is a Netherlands-based media, gaming, and technology company that provides safe, reliable, valuable content and services. Azerion engages users while helping advertisers and publishers connect with them by tailoring advertising and content solutions to markets where they're present. "
 target: Spil Games
Spil Games, based in the Netherlands, is a global leader in web games. It has thousands of games across 30 portals, with people in more than 150 countries playing its games. Spil Games' DNA in web games puts it in a unique position to grow in the ever-changing games industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2019 via BNC Analysis

LinUp srl, acquired SpinVector S.p.A.

See 4964 Comparable Transactions
synopsis: LinUp, an Italian developer of software and hardware solutions for industry 4.0, has acquired SpinVector, an Italian company that creates innovation at the boundaries of material and virtual. SpinVector creates video games, mixed reality, virtual reality, and augmented reality products.
buyer: LinUp srl
LinUp is an Italian developer of software and hardware solutions for industry 4.0. LinUp offers a suite innovative solutions that help manufactures to reduce waste, improve ergonomics, and better manage maintenance operations. "
 target: SpinVector S.p.A.
SpinVector is an Italian company that creates innovation at the boundaries of material and virtual. SpinVector creates video games, mixed reality, virtual reality, and augmented reality products. The company develops 3D technologies and content that let people feel, participate and be engaged.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
announced 12/23/2020 via Company Press Release

Stillfront Group AB, will acquire Super Free Games, Inc.

See 658 Comparable Transactions
synopsis: Stillfront Group AB entered into an agreement to acquire 100 percent of the shares in Super Free Games, Inc. (under name change from Super Lucky Casino Inc.), a rapidly growing and profitable US-headquartered gaming company focusing on market-leading Casual games including successful titles such as Word Collect, Word Nut and Trivia Star.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
 target: Super Free Games, Inc.
Founded in 2011, Super Free Games (under name change from Super Lucky Casino) is a San Francisco based rapidly growing developer of market leading Casual and Mash-up games. The company possesses a strong portfolio of games, including successful titles such as Word Collect, Word Nut and Trivia Star.
price ($mm)
$150
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/1/2021 via Company Press Release

Stillfront Group AB, will acquire Moonfrog Labs Pvt Ltd.

See 727 Comparable Transactions
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
announced 12/23/2020 via Company Press Release

Stillfront Group AB, will acquire Super Free Games, Inc.

See 658 Comparable Transactions
synopsis: Stillfront Group AB entered into an agreement to acquire 100 percent of the shares in Super Free Games, Inc. (under name change from Super Lucky Casino Inc.), a rapidly growing and profitable US-headquartered gaming company focusing on market-leading Casual games including successful titles such as Word Collect, Word Nut and Trivia Star.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
 target: Super Free Games, Inc.
Founded in 2011, Super Free Games (under name change from Super Lucky Casino) is a San Francisco based rapidly growing developer of market leading Casual and Mash-up games. The company possesses a strong portfolio of games, including successful titles such as Word Collect, Word Nut and Trivia Star.
price ($mm)
$150
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/18/2020 via Company Press Release

Stillfront Group AB, will acquire Sandbox Interactive GmbH

See 1140 Comparable Transactions
synopsis: Sweden-based Stillfront Group AB, a leading free-to-play powerhouse of gaming studios, will acquire 100 percent of the shares in Sandbox Interactive GmbH, a rapidly growing German gaming company and the developer and publisher of the popular cross-platform free-to-play (F2P) sandbox MMORPG Albion Online.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
 target: Sandbox Interactive GmbH
Sandbox Interactive is an ambitious game development studio based in Berlin. The company is the developer and publisher of Albion Online, a cross-platform free-to-play sandbox MMORPG with modern game attributes set in an open medieval fantasy world.
price ($mm)
$154
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/28/2020 via Company Press Release

Stillfront Group AB, acquired Everguild Limited

See 658 Comparable Transactions
synopsis: Stillfront Group AB, a leading free-to-play powerhouse of gaming studios, has acquired 100% of the shares in Everguild Limited, a rapidly growing independent game studio focusing on the digital Collectible Card Games (CCG) genre.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Everguild Limited
Everguild is an independent game studio operating from UK and Spain, with a particular focus on polished mobile Collectible Card Games.
price ($mm)
$1.38
rev ($mm)
$2
EBITDA ($mm)
EV / rev
9.3x
EV / EBITDA
announced 9/18/2020 via BNC Analysis

Stillfront Group AB, will acquire Nanobit d.o.o.

See 668 Comparable Transactions
synopsis: Stockholm-based video games holding company Stillfront Group has announced that it has agreed to acquire Croatian mobile developer-publisher Nanobit. Nanobit's titles primarily encompass lifestyle simulation role playing games (RPGs) targeted at a female audience.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Nanobit d.o.o.
Nanobit is an award-winning global game development studio based in Zagreb, Croatia with a worldwide reach of millions of players across countries and languages. Their titles primarily encompass lifestyle simulation role playing games (RPGs) targeted at a female audience.
price ($mm)
$103
rev ($mm)
$73
EBITDA ($mm)
EV / rev
2.1x
EV / EBITDA
announced 4/23/2020 via BNC Analysis

Stillfront Group AB, will acquire Candywriter, LLC

See 658 Comparable Transactions
synopsis: Stillfront Group AB, a leading free-to-play powerhouse of gaming studios, announced the signing of an agreement to acquire Candywriter, LLC, a US based mobile games developer and publisher focusing on casual and mash-up games.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Candywriter, LLC
Candywriter, LLC is a US based mobile games developer and publisher focusing on casual and mash-up games. Candywriter's flagship title is BitLife, an innovative text-based life simulation game. BitLife was among the top 5 most downloaded games on iOS in 2019.
price ($mm)
$74
rev ($mm)
$27
EBITDA ($mm)
$15
EV / rev
7.3x
EV / EBITDA
12.7x
closed 1/22/2020 via BNC Analysis

Stillfront Group AB, acquired Storm8, Inc.

See 1109 Comparable Transactions
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
announced 6/3/2019 via Company Press Release

Stillfront Group AB, will acquire KIXEYE, Inc

See 651 Comparable Transactions
synopsis: Sweden's Stillfront Group AB, a global group of gaming studios and a market leader in the free-to-play online strategy games genre, has entered into an agreement to acquire KIXEYE, Inc. a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via GlobeNewswire

Stillfront Group AB, acquired Playa Games

See 1138 Comparable Transactions
synopsis: Stillfront Group, an independent creator, publisher and distributor of digital games, has acquired Playa Games, one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: Playa Games
Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

See 1149 Comparable Transactions
synopsis: Stillfront Group AB announces its acquisition of 100% of the shares in Imperia Online JSC, a leading game developer and publisher in Southeastern Europe with focus on long term gamer relations. Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/6/2017 via GlobeNewswire

Stillfront Group AB, will acquire Goodgame Studios

See 728 Comparable Transactions
synopsis: Stillfront Group, an independent creator, publisher, and distributor of digital games, is to acquire Goodgame Studios, a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: Goodgame Studios
Goodgame Studios is a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
price ($mm)
$322
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2017 via GlobeNewswire

Stillfront Group AB, acquired OFM Studios GmbH

See 725 Comparable Transactions
synopsis: Stillfront Group AB announced the acquisition of 51% of the business OnlineFussballManager.de (OFM). OFM is a very well-established browser-based game in the football manager genre. OFM is one the most successful sports management games in German-speaking countries.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: OFM Studios GmbH
OnlineFussballManager (OFM) is a browser-based sports management game that was released in 2003. OnlineFussballManager is one the most successful sports management games in German-speaking countries.
price ($mm)
$0.73*
rev ($mm)
$1
EBITDA ($mm)
EV / rev
1.1x
EV / EBITDA
announced 5/30/2017 via GlobeNewswire

Stillfront Group AB, will acquire eRepublik Labs Limited

See 727 Comparable Transactions
synopsis: Stillfront Group AB announced it will acquire 100% of the shares in eRepublik Labs, an award winning games studio that invents new online gaming worlds. eRepublik Labs develops and publishes the game 'eRepublik.com', a browser based free-to-play strategy game, along with several other online and mobile multiplayer games.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: eRepublik Labs Limited
eRepublik Labs is an award winning games studio that invents new online game worlds. Their first game, eRepublik.com, was a pioneer in online free to play browser games, with over 7 million players since it launched in 2007.
price ($mm)
$8.39
rev ($mm)
$3
EBITDA ($mm)
EV / rev
8.6x
EV / EBITDA
closed 12/16/2016 via GlobeNewswire

Stillfront Group AB, acquired Babil Games LLC

See 1108 Comparable Transactions
synopsis: Stillfront Group, an independent games developer and games publisher based in Sweden, has acquired Babil Games LLC, a company that develops and publishes mobile games with Arabic content in the Middle East and North Africa region.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront Group is an independent games developer and games publisher with a portfolio of high-quality games that build long player relationships. The Group includes Bytro Labs, Coldwood Interactive, Dorado Games, PowerChallenge and Simutronics. "
 target: Babil Games LLC
Babil Games LLC develops and publishes mobile games with Arabic content in the Middle East and North Africa region. The company was founded in 2012 and is based in Dubai, United Arab Emirates with additional offices in and Amman, Jordan.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/21/2016 via GlobeNewswire

Stillfront Group AB, will acquire Simutronics Corporation

See 1210 Comparable Transactions
synopsis: Stillfront Group AB announced its acquisition of 52.65% of the outstanding shares in Simutronics Corp. Simutronics, based in St Louis, Missouri and founded in 1987, has developed and is operating the MUD-style text-based games GemStone IV and DragonRealms. Further, Simutronics is a well renowned and profitable mobile games developer.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. They operate through four near-autonomous subsidiaries: Bytro Labs, Coldwood Interactive, Power Challenge, and Dorado Online Games. "
 target: Simutronics Corporation
Simutronics is one of the longest-running independent game development studios in North America. As a leader in massively multiplayer games, they have made persistent worlds that people continue to play today. They’ve also created award-winning mobile titles that have topped the game charts.
price ($mm)
$0.93*
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
announced 12/23/2020 via Company Press Release

Stillfront Group AB, will acquire Super Free Games, Inc.

See 658 Comparable Transactions
synopsis: Stillfront Group AB entered into an agreement to acquire 100 percent of the shares in Super Free Games, Inc. (under name change from Super Lucky Casino Inc.), a rapidly growing and profitable US-headquartered gaming company focusing on market-leading Casual games including successful titles such as Word Collect, Word Nut and Trivia Star.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
 target: Super Free Games, Inc.
Founded in 2011, Super Free Games (under name change from Super Lucky Casino) is a San Francisco based rapidly growing developer of market leading Casual and Mash-up games. The company possesses a strong portfolio of games, including successful titles such as Word Collect, Word Nut and Trivia Star.
price ($mm)
$150
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/29/2020 via Company Press Release

Three Gates AB, will acquire gameXcite GmbH

See 1152 Comparable Transactions
synopsis: Three Gates AB, a game development company in Sweden, will acquire gameXcite GmbH, a German video game publisher and developer that develops PC, console and mobile games. gameXcite aims to create fun and innovative online games. Their key title, Asterix & Friends, is a building strategy game with RPG elements.
buyer: Three Gates AB (NGM:GATE:$2.39)
Three Gates AB is a publicly listed game development company based on the island of Gotland, off the east coast of Sweden. Founded in 2011, Three Gates is a team of experienced professionals, all gathered in a unique location with an unwavering drive and passion for the video game sector. "
 target: gameXcite GmbH
gameXcite is a German video game publisher and developer that develops PC, console and mobile games. gameXcite aims to create fun and innovative online games. Their key title, Asterix & Friends, is a building strategy game with RPG elements.
price ($mm)
$1.04
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2019 via Company Press Release

Stillfront Group AB, will acquire KIXEYE, Inc

See 651 Comparable Transactions
synopsis: Sweden's Stillfront Group AB, a global group of gaming studios and a market leader in the free-to-play online strategy games genre, has entered into an agreement to acquire KIXEYE, Inc. a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

See 1149 Comparable Transactions
synopsis: Stillfront Group AB announces its acquisition of 100% of the shares in Imperia Online JSC, a leading game developer and publisher in Southeastern Europe with focus on long term gamer relations. Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2019 via BNC Analysis

Scopely, acquired Digit Game Studios

See 650 Comparable Transactions
synopsis: Scopely, a global interactive entertainment company and a leading mobile games publisher, has acquired Digit Game Studios, Ireland's largest games developer, home to a talented team and the creator of free-to-play mobile strategy games. Their first game, Kings of the Realm, became a top grossing game in over 50 countries.
buyer: Scopely
Scopely is a global interactive entertainment company and a leading mobile games publisher. With a diverse portfolio of original and beloved franchises, Scopely games are created with world-class partners and provide immersive experiences for millions of casual and core gamers around the world. "
 target: Digit Game Studios
Digit Game Studios is Ireland's largest games developer, home to a talented team and the creator of free-to-play mobile strategy games. Their first game, Kings of the Realm, became a top grossing game in over 50 countries.
price ($mm)
rev ($mm)
$400
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/10/2019 via Company Press Release

Vespa Inc, acquired Cocoon Games

See 650 Comparable Transactions
synopsis: Vespa , a strategy MMO game developer and the creator of "King's Raid", acquired Cocoon Games, the developers behind the mobile strategy game “Song of War”. Both companies are based in South Korea.
buyer: Vespa Inc (KOSDAQ:A299910:$109.59)
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores. "
 target: Cocoon Games
Cocoon Games is a mobile game developer based in South Korea. They are the developers behind the strategy game “Song of War”, which is available on all app stores. They are always in the process of developing new games and updating their current projects to keep up with the evolution of gamers.
price ($mm)
$7.30*
rev ($mm)
$0
EBITDA ($mm)
EV / rev
50.7x
EV / EBITDA
closed 10/5/2017 via Company Press Release

Kongregate Inc., acquired Synapse Games

See 651 Comparable Transactions
synopsis: Kongregate, the San Francisco based cross platform games publisher and developer, has acquired 100% of Synapse Games. Founded in 2008, Chicago based Synapse Games employs a team of 22 and develops free to play strategy and collectible card games.
buyer parent: Modern Times Group MTG AB
buyer: Kongregate Inc.
Kongregate is a leading mobile & PC game publisher and web gaming portal. Through their publishing program, they work closely with game developers to provide a multitude of services to help great games become even better. "
 target: Synapse Games
Synapse Games is exploding onto the mobile gaming market after over eight years experience making social games. They are a fun but fast-paced team, working on several deeply strategic multiplayer games. They push for the extra mile at all times to get as much polish into each of their games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2016 via BNC Analysis

Mail.Ru LLC, acquired Pixonic LLC

See 651 Comparable Transactions
synopsis: Mail.Ru, one of Russia’s top internet companies, has acquired developer Pixonic. The studio’s War Robots, a strategy game featuring legged combat vehicles for iOS and Android, is a major hit in globally.
buyer: Mail.Ru LLC (LSE:MAIL:$1,350.66)
Mail.Ru Group develops Internet communications and entertainment services in Russia and globally. Today, the company operates Russian language social networks Vkontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), instant messenger services in Russia — Agent Mail.Ru and ICQ and more. "
 target: Pixonic LLC
Mobile game developer Pixonic, based in Moscow, is known for War Robots, a strategy game featuring legged combat vehicles for iOS and Android.
price ($mm)
$20
rev ($mm)
$6
EBITDA ($mm)
EV / rev
4.8x
EV / EBITDA
announced 4/29/2020 via Yahoo, Inc.

7Road, will acquire LOCOJOY Inc.

See 728 Comparable Transactions
synopsis: 7Road, a top developer and an international distributor of web games and mobile games, is to acquire LOCOJOY Inc., a company that engages in developing games across iOS, Android, and Flash in Chinese, English, Japanese, Korean, Spanish, and Arabic, among others. Both companies are based in China.
buyer: 7Road (SEHK:797:$28.64)
Founded in 2008 and headquartered in Shenzhen's NanShan Science and Technology Park, 7Road is a top developer and an international distributor of web games and mobile games. As a pioneer in expanding the global gaming market, 7Road is the top 1 grossing company in the browser game market. "
 target: LOCOJOY Inc.
LOCOJOY Inc. engages in developing games across iOS, Android, and Flash in Chinese, English, Japanese, Korean, Spanish, and Arabic, among others. The company was founded in 2011 and is based in Beijing, China.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2019 via BNC Analysis

Media and Games Invest plc, acquired gamigo AG

See 728 Comparable Transactions
synopsis: Media and Games Invest, a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies, has acquired majority interest in gamigo AG, a German company that has developed into one of the leading publishers of online and mobile games in Europe and North America.
buyer: Media and Games Invest plc (XTRA:BCK:$164.02)
Media and Games Invest plc (MGI) is a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies. The MGI portfolio companies are growing via acquisitions plus organic growth and new technologies. "
 target: gamigo AG
Headquartered in Germany, Gamigo has developed into one of the leading publishers of online and mobile games in Europe and North America. Gamigo grows via organic growth as well as through acquisitions and has made acquisitions in games, media, technology companies and individual game assets.
price ($mm)
rev ($mm)
$61
EBITDA ($mm)
$5
EV / rev
0.0x
EV / EBITDA
0.0x
closed 3/27/2019 via BNC Analysis

Kabam, Inc., acquired Riposte Games & Co

See 728 Comparable Transactions
synopsis: Kabam, a Vancouver based world leader of developing entertaining, immersive, and highly social multiplayer games for mobile devices, has acquired Riposte Games & Co, a Montreal based company that has emerged as a development powerhouse for mid core free to play games on mobile, PC, and Web.
buyer parent: Netmarble
buyer: Kabam, Inc.
Kabam is a world leader of developing entertaining, immersive, and highly social multiplayer games for mobile devices. They merge consumer behavior with the art of game design to create experiences that are enjoyed by millions of players across the globe. "
 target: Riposte Games & Co
Founded in 2014, Riposte Games & Co (formerly Cloudcade Canada) has emerged as a development powerhouse for mid core free to play games on mobile, PC, and Web.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2018 via gamesindustry.biz

Wargaming Group Limited, acquired Edge Case Games

See 727 Comparable Transactions
synopsis: Wargaming, an online game developer and publisher headquartered in Nicosia, Cyprus, has acquired Edge Case Games, a UK-based video game developer. Edge Case Games's first game, Fracture Space, is an online team-based space combat game. The game provides tactical and explosive battles that feature large spaceships battling on a galactic stage.
buyer: Wargaming Group Limited
Wargaming is an award-winning online game developer and publisher headquartered in Nicosia, Cyprus. One of the leaders in the free-to-play MMO market, the company delivers authentic gaming experiences and services across PC, console and mobile platforms. "
 target: Edge Case Games
Edge Case Games is a UK-based video game developer. The studio's first game, Fracture Space, is an online team-based space combat game. The game provides tactical and explosive battles that feature large, several kilometer-long spaceships battling on a galactic stage.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/6/2017 via GlobeNewswire

Stillfront Group AB, will acquire Goodgame Studios

See 728 Comparable Transactions
synopsis: Stillfront Group, an independent creator, publisher, and distributor of digital games, is to acquire Goodgame Studios, a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: Goodgame Studios
Goodgame Studios is a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
price ($mm)
$322
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/20/2017 via Company Press Release

MTGx International AB, will acquire Kongregate Inc.

See 1412 Comparable Transactions
synopsis: MTG is acquiring 100% of U.S. games publisher and developer Kongregate Inc. from current owner GameStop Corp. San Francisco based Kongregate was founded in 2006. Kongregate started as a browser based web gaming platform and has since expanded into publishing for both mobile and Steam games, and now into first party game development.
buyer parent: Modern Times Group MTG AB
buyer: MTGx International AB
MTGx delivers next generation entertainment experiences in esports & online gaming, & innovative content through social media influencers on multiple platforms. MTGx is the digital accelerator of MTG. Their mission is to lead the transformation from a traditional media house to a digital power hub. "
 target parent: GameStop.com Inc.
target: Kongregate Inc.
Kongregate Inc. is a games publisher and developer. Kongregate started as a browser based web gaming platform and has since expanded into publishing for both mobile and Steam games, and now into first party game development.
price ($mm)
$55
rev ($mm)
$35
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
announced 5/30/2017 via GlobeNewswire

Stillfront Group AB, will acquire eRepublik Labs Limited

See 727 Comparable Transactions
synopsis: Stillfront Group AB announced it will acquire 100% of the shares in eRepublik Labs, an award winning games studio that invents new online gaming worlds. eRepublik Labs develops and publishes the game 'eRepublik.com', a browser based free-to-play strategy game, along with several other online and mobile multiplayer games.
buyer: Stillfront Group AB (OM:SF:$448.48)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
 target: eRepublik Labs Limited
eRepublik Labs is an award winning games studio that invents new online game worlds. Their first game, eRepublik.com, was a pioneer in online free to play browser games, with over 7 million players since it launched in 2007.
price ($mm)
$8.39
rev ($mm)
$3
EBITDA ($mm)
EV / rev
8.6x
EV / EBITDA
closed 9/20/2016 via PR Newswire

CMK Gaming International, Inc., acquired GUANHUA Corp.

See 728 Comparable Transactions
synopsis: GUANHUASOFT GAMING CO., LTD., a Taiwanese developer and manufacturer of casual casino games and 3D animation products distributed worldwide, was acquired by CMK Gaming International, Inc. (CMKI), an owner and operator of 3 pachinko parlors in Japan.
buyer: CMK Gaming International, Inc. (OTCPK:CMKI.D:$0.00)
CMK Gaming International, Inc. is a fast growing gaming company that seeks to capitalize on the high intensity, high excitement, of the Japanese game pachinko and expand its audience by developing new pachinko parlors in major cities across the United States. "
 target: GUANHUA Corp.
Guanhua is the world's premier publisher and developer of multiplayer online games. Established in 2002 in Taichung, Taiwan, Guanhua goal to become the leading 3D animation production company and successful online game developers.
price ($mm)
rev ($mm)
$6
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 1/13/2016 via BNC Analysis

CHTC Helon Co., Ltd., will acquire miaoju.cn

See 727 Comparable Transactions
synopsis: CHTC Helon Co., Ltd. offered to acquire a 100% stake in miaoju.cn. miaoju.cn provides services for operating, publishing, and promoting online games in China. Through the equity investment, CHTC Helon will extend their reach to online game research and development, operation and promotion as well as online game portal operation.
buyer: CHTC Helon Co., Ltd. (000677:$325.25)
Chtc Helon Co., Ltd. is principally engaged in production and distribution of textile products. The company provides viscose staple fibers, viscose filaments, cotton pulps, canvas and tire cord fabrics, among others. The company distributes its products in domestic and overseas markets. "
 target: miaoju.cn
Established in September 2013, miaoju.cn provides services for operating, publishing, and promoting online games in China. They are committed to providing quality services for the players, game makers and general industry customers.
price ($mm)
$262
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/28/2015 via BNC Analysis

Anhui Deli Household Glass Co., Ltd., will acquire 9377.com

See 728 Comparable Transactions
synopsis: Anhui Deli Household Glass Co., Ltd. announced that they will acquire 9377.com. Based in China, the target company is developing and operating web games and mobile online games.
buyer: Anhui Deli Household Glass Co., Ltd. (002571:$141.87)
Anhui Deli Household Glass Co., Ltd. produces and sells household glass products in China. The company offers food storage products, dining glass, plates, bowls, pots, ashtrays, pitchers, and more. "
 target: 9377.com
9377.com is a developer of web based and mobile games. The company was founded in 2011 and is based in China.
price ($mm)
$394
rev ($mm)
$135
EBITDA ($mm)
EV / rev
2.9x
EV / EBITDA
announced 9/15/2014 via PR Newswire

Microsoft Corporation, will acquire Mojang AB

See 728 Comparable Transactions
synopsis: Microsoft Corp., the worldwide leader in software, services, devices and solutions, announced it has reached an agreement to acquire Mojang, the celebrated Stockholm-based game developer, and the company's iconic "Minecraft" franchise.
buyer: Microsoft Corporation (MSFT:$143,015.00)
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Microsoft develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide. "
 target: Mojang AB
Mojang is an indie game developer studio based in Stockholm, Sweden. Founded back in 2009, they developed the video game Minecraft and the game Scrolls. They also published a third game called Cobalt. The name Mojang comes from the Swedish word for gadget, "mojäng".
price ($mm)
$2,500
rev ($mm)
$326
EBITDA ($mm)
EV / rev
7.7x
EV / EBITDA
announced 7/23/2014 via BNC Analysis

Zhejiang Great Southeast Co.,Limited, will acquire UT Game

See 728 Comparable Transactions
synopsis: Zhejiang Great Southeast Co., Ltd.revealed plans to acquire the 100% stake in UT Game through share placement and cash payment. UT Game designs and develops online games. The company is based in Shanghai, China.
buyer: Zhejiang Great Southeast Co.,Limited
Zhejiang Great Southeast Co., Limited manufactures and distributes plastic products in China and internationally. The company offers plastic films, including bi-oriented polypropylene films, cast polypropylene films, and bi-oriented polyester films; and other products. "
 target: UT Game
UT Game designs and develops online games. The company is based in Shanghai, China.
price ($mm)
$91
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

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Pages:  
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Zynga, Inc.
Zynga is an American video game developer running social video game services since 2007. The company develops social games that work stand-alone on mobile phone platforms such as Apple iOS, Android, Windows Phone and on the Internet through its website, Zynga.com, and social networking websites.
year
2020
rev ($mm)
$1,605.21
EBITDA ($mm)
($5.51)
EBIT ($mm)
($82.10)
Net Income ($mm)
Employees
1883
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Ticker: GLUU
 
 
 
 
 
 
 
 
Glu Mobile Inc.
Glu Mobile Inc.
Glu Mobile is a leading global developer and publisher of free-to-play games for smartphone and tablet devices. Glu is focused on creating compelling original IP games on a wide range of platforms including iOS, Android™, Windows Phone and MAC OS.
year
2020
rev ($mm)
$540.52
EBITDA ($mm)
$29.52
EBIT ($mm)
$20.52
Net Income ($mm)
$20.45
Employees
715
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Ticker: SZSE:30005
 
 
 
 
 
 
 
 
Shenzhen ZQGame Co., Ltd.
Shenzhen ZQGame Co., Ltd.
ZQGame, Inc. is an online gaming company driven to create compelling entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.
year
2013
rev ($mm)
$51.93
EBITDA ($mm)
$10.47
EBIT ($mm)
$8.19
Net Income ($mm)
$8.17
Employees
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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: OTCPK:FRZT
 
 
 
 
 
 
 
 
Freeze Tag, Inc.
Freeze Tag, Inc.
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.
year
2017
rev ($mm)
$0.12
EBITDA ($mm)
EBIT ($mm)
($0.64)
Net Income ($mm)
Employees
10
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Ticker: OTCPK:CLIS
 
 
 
 
 
 
 
 
ClickStream Corporation
ClickStream Corporation
ClickStream is a technology company focused on developing apps and digital platforms that disrupt conventional industries. ClickStream's WinQuik is a free-to-play synchronized mobile app and digital gaming platform that allows users to compete in quiz type games to win real money and prizes.
year
2019
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($0.02)
Net Income ($mm)
Employees
2
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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
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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
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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
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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
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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
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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
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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
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Ticker: OM:SF
 
 
 
 
 
 
 
 
Stillfront Group AB
Stillfront Group is an independent games developer and games publisher with a portfolio of high-quality games that build long player relationships. The Group includes Bytro Labs, Coldwood Interactive, Dorado Games, PowerChallenge and Simutronics.
year
2020
rev ($mm)
$448.48
EBITDA ($mm)
$137.66
EBIT ($mm)
$113.78
Net Income ($mm)
$59.27
Employees
832
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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: 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
  • watch
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
  • watch
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
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Ticker: BSE:532619
 
 
 
 
 
 
 
 
UTV Software Communications Limited
UTV Software Communications Limited
UTV Software Communications Ltd. is a leading media and entertainment company in India reaching more than 247 million consumers with a presence in motion pictures, television and interactive media.
year
2012
rev ($mm)
$187.54
EBITDA ($mm)
$15.85
EBIT ($mm)
$14.24
Net Income ($mm)
$4.48
Employees
  • drill down
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Ticker: JASDAQ:3758
 
 
 
 
 
 
 
 
Aeria Inc.
Aeria Inc.
Aeria Inc. primarily engages in IT services and the delivery of online games. The company also provides game software development, business systems development, and data center services. In addition, it involves in temporary staffing and real estate leasing operations.
year
2018
rev ($mm)
$186.90
EBITDA ($mm)
$31.84
EBIT ($mm)
$28.09
Net Income ($mm)
$22.06
Employees
347
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Ticker: SZSE:30005
 
 
 
 
 
 
 
 
Shenzhen ZQGame Co., Ltd.
Shenzhen ZQGame Co., Ltd.
ZQGame, Inc. is an online gaming company driven to create compelling entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.
year
2013
rev ($mm)
$51.93
EBITDA ($mm)
$10.47
EBIT ($mm)
$8.19
Net Income ($mm)
$8.17
Employees
  • drill down
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Ticker: SZSE:30031
 
 
 
 
 
 
 
 
Ourpalm Co.,Ltd
Ourpalm Co.,Ltd
Ourpalm was founded in Beijing in 2004 as a government licensed telecommunications and service provider. Early beginnings in web and mobile content have since evolved and secured Ourpalm a place as one of China's leading web and mobile game developer, publisher and operator of today.
year
2013
rev ($mm)
$42.29
EBITDA ($mm)
$13.99
EBIT ($mm)
$12.76
Net Income ($mm)
$15.64
Employees
  • drill down
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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
  • watch
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
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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: 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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Ticker: TSE:3668
 
 
 
 
 
 
 
 
Colopl Inc
Colopl Inc
Colopl is a Japanese developer that specializes in location-based mobile games. Colopl develops enjoyable games to make people's everyday lives richer. Their portfolio of mobile games include White Cat Project, Quiz RPG: The World of Mystic Wiz, Titan Slayer II, and more.
year
2020
rev ($mm)
$413.05
EBITDA ($mm)
$114.18
EBIT ($mm)
$110.34
Net Income ($mm)
$73.48
Employees
1368
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Ticker: JASDAQ:2138
 
 
 
 
 
 
 
 
Crooz
Crooz
Crooz, Inc. offers smartphone games to the Japanese and global markets, including original titles such as RAGNABREAK, The Knights of Avalon, Elemental Story, and Card King, in addition to games that make use of IP that represents Japan, such as HUNTER×HUNTER, NARUTO, and Final Fantasy.
year
2020
rev ($mm)
$327.62
EBITDA ($mm)
$12.99
EBIT ($mm)
$8.30
Net Income ($mm)
$0.17
Employees
278
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