Like Playa Games

closed 12/12/2018 via GlobeNewswire

Stillfront Group AB, acquired Playa Games

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Playa Games
Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired DECA Games

synopsis: Embracer Group has acquired mobile specialist DECA Games; the company has a particular interest in live operations and free-to-play titles. They are the current owners and developers of the massively multiplayer online shooter Realm of the Mad God.
buyer: Embracer Group (OM:EMBRAC B:$791.62)
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Embracer Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
target: DECA Games
DECA Games is a publisher and developer of video games that is headquartered in Berlin, Germany. The company's primary focus is on acquiring and operating older free-to-play games. They are the current owners and developers of the massively multiplayer online shooter Realm of the Mad God.
price ($mm)[EV]
$29 [$33]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/9/2020 via BNC Analysis

Mingchen Health Co., Ltd., will acquire Hainan Huaduo Network Technology Co., Ltd.

synopsis: Mingchen Health, a Chinese manufacturer of personal health care products, will acquire Hainan Huaduo Network Technology Co., Ltd., a Chinese video game developer. Hainan Huaduo specializes in developing browser-based and mobile online games. Their games include Chaos of the Universe and Kingdom of the Kings.
buyer: Mingchen Health Co., Ltd. (SZSE:002919:$72.09)
Mingchen Health is a Chinese manufacturer of personal health care products. Mingchen develops and produces shampoo, conditioner, shower gel, gel water and skin care products. Their brands include Beauty Show, Meiwang, Chucui, and Yingkou. "
target: Hainan Huaduo Network Technology Co., Ltd.
Hainan Huaduo is a Chinese video game developer. Hainan Huaduo specializes in developing online games. Their games include Chaos of the Universe, a browser-based online role-playing game (RPG) themed around martial arts; and Kingdom of the Kings, an online RPG for mobile devices.
price ($mm)
$19
rev ($mm)
$16
EBITDA ($mm)
EV / rev
1.2x
EV / EBITDA
announced 7/15/2020 via Company Press Release

Randy Waterfield and Brad Oberwager, will acquire Linden Lab

synopsis: Linden Research, Inc. announced it signed an agreement to be acquired by an investment group led by Randy Waterfield and Brad Oberwager. The acquisition will allow Linden Lab to continue to grow and expand Second Life, as well as its money services business Tilia.
buyer: Randy Waterfield and Brad Oberwager
Randy Waterfield is the Chairman and CEO of the Waterfield Group. Brad Oberwager is the founder and Chief Executive Officer of Jyve. "
target: Linden Lab
Linden Lab develops platforms that empower people to create, share, and benefit from virtual experiences. Second Life, the company's groundbreaking virtual world enjoyed by millions around the globe, boasts nearly two billion user creations and a vibrant $500 million (USD) economy.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2020 via Company Press Release

Macarthur Fortune Holding LLC, acquired Jagex Ltd.

synopsis: Macarthur Fortune Holding LLC, a global asset management company, has announced that it has acquired Jagex, one of the UK’s largest video game developers and publishers, through one of its funds, Platinum Fortune LP, from Shanghai Hongtou Network Technology. Hongtou Network (Hong Kong) was also acquired by Platinum Fortune LP.
buyer: Macarthur Fortune Holding LLC
Macarthur Fortune is a US-based global asset management firm founded by a group of seasoned investment professionals. Platinum Fortune is a private fund managed by Macarthur Fortune with a focus on the global video game market. "
target: Jagex Ltd.
A leader in creating deep and engaging living games on PC and mobile, Jagex was founded in 2000 and is today one of the UK’s biggest and most respected video game developers and publishers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/12/2020 via BNC Analysis

Kakao Games, acquired XLGames

synopsis: Black Desert Online publisher Kakao Games has acquired a majority stake in XL Games, a video game development company based in South Korea that publishes ArcheAge, an MMORPG, and Moonlight Sculptor, a mobile MMO.
buyer parent: Kakao
buyer: Kakao Games
Kakao Games is a multi-platform game publisher and developer headquartered in South Korea. It is a subsidiary of Kakao Corp. As a game publisher, it is known for Black Desert Online, a successful MMORPG in the global market, and PlayerUnknown's Battlegrounds, a FPS hit. "
target: XLGames
XL Games is a video game development company based in South Korea that publishes ArcheAge, an MMORPG, and Moonlight Sculptor, a mobile MMO.
price ($mm)
$94*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/6/2018 via BusinessWire

Pearl Abyss, will acquire CCP Games

synopsis: Black Desert Online developer Pearl Abyss announced that it will acquire CCP Games, the creators of popular spaceship MMORPG EVE Online. CCP is a leading independent game developer and has been praised for its artistry, game design and unique player-driven, infinitely scalable storytelling narratives.
buyer: Pearl Abyss (KOSDAQ:A263750:$104.01)
Pearl Abyss is the Korean studio behind the hit PC MMORPG Black Desert Online, which was named MMORPG of the Year in 2016. Since the company's founding in 2010, it has successfully launched its game in South Korea, Japan, Russia, North/South America, Europe, Taiwan, and 100 other countries. "
target: CCP Games
CCP is a leading independent game developer and has been praised for its artistry, game design and unique player-driven, infinitely scalable storytelling narratives. CCP is the creator of the critically-acclaimed science-fiction game EVE Online. CCP is headquartered in Reykjavik, Iceland.
price ($mm)
$425
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/2/2018 via BNC Analysis

PATI Games, acquired IMI Exchange

synopsis: Pati Games, a software developing company for mobile games, has acquired IMI Exchange from MODA Inc. IMI Exchange is a leading start-up company in the massively multiplayer online games (MMOG) market.
buyer: PATI Games (KOSDAQ:A194510:$23.71)
Based in South Korea, Pati Games creates mobile games, software development, and game publishing. Their products include mobile and social games. Some games that they have developed are: I Love Nikki, I Love Coffee, and Dragon Heroes. "
target parent: MODA Inc.
target: IMI Exchange
IMI Exchange is a leading start-up company in the massively multiplayer online games (MMOG) market.
price ($mm)
$63
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2018 via BNC Analysis

Toadman Interactive AB, acquired Artplant AS

synopsis: Toadman Interactive, a Swedish game development studio that specializes in the production of role-playing games, has acquired Artplant, an independent video game developer in Norway. Artplant specializes in creating browser based 3D MMO games. Their games include Battlestar Galactica Online, G.I. Joe Special Ops, Entropy, Block 'N' Load, and more.
buyer: Toadman Interactive AB (NGM:TOAD MTF:$5.89)
Founded in 2013, Toadman Interactive is a Swedish game development studio that specializes in the production of role-playing games (RPG) for consoles and PCs. Their first game, Immortal: Unchained, is an RPG shooter that aims to set the standard for all future RPG shooters. "
target: Artplant AS
Founded in 2001, Artplant is an independent video game developer in Norway. The company specializes in creating browser based 3D MMO games. Their games include Battlestar Galactica Online, G.I. Joe Special Ops, Entropy, Block 'N' Load, Grimm: Dark Legacy, Sky Fighter Legends, and Parsec Frontiers.
price ($mm)
$0.11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/26/2018 via BusinessWire

Trion Worlds, acquired Gazillion Entertainment, Inc.

synopsis: Trion Worlds has revealed that it has acquired assets and production materials from the closure of Gazillion Entertainment, and will utilize these materials to create new products and brand new IPs. Gazillion Entertainment is a developer, publisher and operator of massively multiplayer online games and services for wide audiences.
buyer: Trion Worlds
Trion Worlds is a leading publisher, developer, and distributor of premium games for the connected era. The creator of free-to-play online titles like Trove, RIFT, and ArcheAge, Trion Worlds is a leader in online games publishing. "
target: Gazillion Entertainment, Inc.
Gazillion Entertainment is a developer, publisher and operator of massively multiplayer online games and services for wide audiences. Gazillion is headquartered in Foster City, CA.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/31/2018 via BNC Analysis

Tencent Holdings Ltd., acquired Grinding Gear Games

synopsis: Tencent, a Chinese online communication, advertising, and gaming service provider, has acquired an 80% majority stake in Grinding Gear Games, a video game developer in New Zealand. Grinding Gear Games are the developers of Path of Exile, a popular online action role playing game.
buyer: Tencent Holdings Ltd. (SEHK:700:$56,607.02)
Tencent provides value-added Internet, mobile and telecom services and online advertising under the strategic goal of providing users with "one-stop online lifestyle services". Tencent’s leading Internet platforms in China have brought together China's largest Internet community. "
target: Grinding Gear Games
Grinding Gear Games is a video game developer in New Zealand. The company is known for their online action role playing game (RPG), Path of Exile. Their staff are online RPG veterans that understand what is required to make an addictive action RPG with visceral combat and a complex item economy.
price ($mm)
$69*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/22/2018 via Reuters

PlayWay S.A., will acquire Out of Reach The Game

synopsis: Playway SA will acquire Space Boat Studios, the game studio behind Out of Reach. Out of Reach is an open world, first-person perspective, massively multiplayer online game with elements of survival sandbox and RPGs.
buyer: PlayWay S.A. (WSE:PLW:$34.88)
PlayWay S.A. produces and publishes video and mobile games in Poland. They develop games for PC, Android, iPhone, iPad, and Mac platforms. Their games are sold or downloaded worldwide. They sell their products on the STEAM, AppStore, and GooglePlay platforms. "
target: Out of Reach The Game
Out of Reach is an open world, first-person perspective, massively multiplayer online game with elements of survival sandbox and RPGs.
price ($mm)
$0.15*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/25/2017 via Market Wire

SPYR Games, acquired Pocket Starships

synopsis: SPYR Games, a creator and publisher of fun social games for mobile devices, has completed the acquisition of all assets of Pocket Starships, a real-time, cross-platform space-themed massively multiplayer online game developed by Spectacle Games. The development team, including founder Lars Koschin, will join SPYR as part of the deal.
buyer parent: SPYR, Inc
buyer: SPYR Games
SPYR Games creates and publishes fun and engaging social games for mobile devices. Utilizing the popular "freemium" monetization model, which leverages advertising as well as in-app purchases, SPYR Games intends to continue to grow their social gaming portfolio as well as other mobile apps. "
target: Pocket Starships
Pocket Starships is a real-time, cross-platform space-themed massively multiplayer online game for iOS, Android, and PC. Players can create or join a fight group with friends to fight pirates, mine resources, and complete quests. Pocket Starships is the flagship title of developer Spectacle Games.
price ($mm)
$2.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/18/2017 via Company Press Release

Idea Fabrik, acquired The Repopulation

synopsis: Idea Fabrik PLC announced the acquisition of “The Repopulation” game from Above and Beyond Technologies, Inc. “The Repopulation” is a Massive Multiplayer Online Role Playing Game (MMORPG) set in a futuristic world. The game offers a host of features to MMORPG players such as full sandbox play, city building, random engagements, and many more.
buyer: Idea Fabrik
Idea Fabrik PLC. is an international technology company that develops, supports and licenses to game developers worldwide its massive multiplayer online game development platform HeroEngine™ and online service HeroCloud™. "
target: The Repopulation
“The Repopulation” is a Massive Multiplayer Online Role Playing Game (MMORPG) set in a futuristic world. The game offers a host of features to MMORPG players over and above what is now available, such as full sandbox play, city building, random engagements, player and city sieging, and many more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/21/2016 via GlobeNewswire

Stillfront Group AB, will acquire Simutronics Corporation

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. They operate through four near-autonomous subsidiaries: Bytro Labs, Coldwood Interactive, Power Challenge, and Dorado Online Games. "
target: Simutronics Corporation
Simutronics is one of the longest-running independent game development studios in North America. As a leader in massively multiplayer games, they have made persistent worlds that people continue to play today. They’ve also created award-winning mobile titles that have topped the game charts.
price ($mm)
$0.93*
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
closed 3/16/2016 via BNC Analysis

Shandong Hongda Mining Co Ltd, acquired Jagex Ltd.

synopsis: Shandong Hongda Mining Co Ltd, a listed ferrous metal mining industry firm with headquarters in Shanghai, China, has fully acquired for $300 million, Jagex Ltd, the largest independent games developer and publisher in the United Kingdom.
buyer: Shandong Hongda Mining Co Ltd (:$81.72)
Shandong Hongda is a listed ferrous metal mining industry firm with headquarters in Shanghai, China. It produces iron powder, copper powder and iron ore, operating mostly in the domestic market. "
target parent: Insight Venture Partners
target: Jagex Ltd.
Multi award-winning Jagex has been at the forefront of online games for nearly 15 years, starting with its flagship adventure title, RuneScape. Today, the studio has approximately 400 staff, making it one of the largest independent games developers in the UK.
price ($mm)
$300
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/9/2016 via BNC Analysis

gamigo AG, acquired Fiesta Online

synopsis: gamigo AG, a leading player in the fast growing games market in Europe and North America, has acquired the global rights to the succesful brand Fiesta Online from South Korean developer Ons On Soft. The Anime MMO has been successful on the international market for eight years with over 20 million registered players worldwide.
buyer: gamigo AG (WKN:A1TNJY:$0.00)
gamigo AG is one of the leading gaming companies in Europe and North America. gamigo was one of the first companies to discover the booming market segment of online games and published the first MMOG that was completely localized into German as early as 2000. "
target parent: Ons On Soft
target: Fiesta Online
Fiesta Online is an Anime MMO that has been successful on the international market for eight years with over 20 million registered players worldwide. In Fiesta Online, players can complete missions, hunt for monsters or take part in epic Kingdom Quests – all together with friends!
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/1/2015 via Company Press Release

gamigo AG, next idea GmbH, will acquire Infernum Productions AG

synopsis: gamigo group, a leading gaming company in Europe and North America, has formed Infernum Games GmbH together with next idea GmbH. As part of this joint venture, Infernum Games GmbH will acquire the entire operating business from the international online game provider Infernum Productions AG.
buyer: next idea GmbH
buyer: gamigo AG
gamigo AG is one of the leading gaming companies in Europe and North America. The next idea GmbH, based in Munster, is among the global companies in the areas of online games and online entertainment. next idea GmbH brings the diversity of Internet users directly to their home entertainment media. "
target: Infernum Productions AG
Headquartered in Berlin, Germany, Infernum Productions AG is an international publisher and operator of online games founded by online game business veterans. Their focus is MMO games (massively multiplayer online games) as well as social and mobile entertainment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/2/2015 via BNC Analysis

Columbus Nova, acquired Sony Online Entertainment LLC

synopsis: Investment firm Columbus Nova has acquired Sony Online Entertainment ("SOE"), a recognized worldwide leader in massively multiplayer online games, with hundreds of thousands of subscribers around the globe. SOE creates, develops and provides compelling entertainment for the personal computer, online, game console and wireless markets.
buyer: Columbus Nova
Founded in 2000, Columbus Nova is a multi-strategy investment firm that manages assets through its own funds and affiliated portfolio companies. Columbus Nova has a broad investment mandate which allows investments across all levels of the capital structure from senior secured debt to equity. "
target parent: Sony Corporation
target: Sony Online Entertainment LLC
Sony Online Entertainment ("SOE") is a recognized worldwide leader in massively multiplayer online games, with hundreds of thousands of subscribers around the globe. SOE creates, develops and provides compelling entertainment for the personal computer, online, game console and wireless markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via GlobeNewswire

Stillfront Group AB, acquired Playa Games

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Playa Games
Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2020 via BNC Analysis

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

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:$364.47)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: Nanobit d.o.o.
Nanobit is an award-winning global game development studio based in Zagreb, Croatia with a worldwide reach of millions of players across countries and languages. Their titles primarily encompass lifestyle simulation role playing games (RPGs) targeted at a female audience.
price ($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

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:$364.47)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: Candywriter, LLC
Candywriter, LLC is a US based mobile games developer and publisher focusing on casual and mash-up games. Candywriter's flagship title is BitLife, an innovative text-based life simulation game. BitLife was among the top 5 most downloaded games on iOS in 2019.
price ($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.

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:$364.47)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: Storm8, Inc.
Leading mobile game network, Storm8 creates a world of play and discovery. Based in Redwood City, California, Storm8’s network includes over 45 games published across multiple genres—so there is something for everyone.
price ($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

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:$364.47)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via GlobeNewswire

Stillfront Group AB, acquired Playa Games

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Playa Games
Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/6/2017 via GlobeNewswire

Stillfront Group AB, will acquire Goodgame Studios

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Goodgame Studios
Goodgame Studios is a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
price ($mm)
$322
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2017 via GlobeNewswire

Stillfront Group AB, acquired OFM Studios GmbH

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: OFM Studios GmbH
OnlineFussballManager (OFM) is a browser-based sports management game that was released in 2003. OnlineFussballManager is one the most successful sports management games in German-speaking countries.
price ($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

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: eRepublik Labs Limited
eRepublik Labs is an award winning games studio that invents new online game worlds. Their first game, eRepublik.com, was a pioneer in online free to play browser games, with over 7 million players since it launched in 2007.
price ($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

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:$364.47)
Stillfront Group is an independent games developer and games publisher with a portfolio of high-quality games that build long player relationships. The Group includes Bytro Labs, Coldwood Interactive, Dorado Games, PowerChallenge and Simutronics. "
target: Babil Games LLC
Babil Games LLC develops and publishes mobile games with Arabic content in the Middle East and North Africa region. The company was founded in 2012 and is based in Dubai, United Arab Emirates with additional offices in and Amman, Jordan.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/21/2016 via GlobeNewswire

Stillfront Group AB, will acquire Simutronics Corporation

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. They operate through four near-autonomous subsidiaries: Bytro Labs, Coldwood Interactive, Power Challenge, and Dorado Online Games. "
target: Simutronics Corporation
Simutronics is one of the longest-running independent game development studios in North America. As a leader in massively multiplayer games, they have made persistent worlds that people continue to play today. They’ve also created award-winning mobile titles that have topped the game charts.
price ($mm)
$0.93*
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
closed 12/12/2018 via GlobeNewswire

Stillfront Group AB, acquired Playa Games

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Playa Games
Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2019 via Company Press Release

Stillfront Group AB, will acquire KIXEYE, Inc

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:$364.47)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2019 via BNC Analysis

Scopely, acquired Digit Game Studios

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

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

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

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.

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

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:$151.12)
Media and Games Invest plc (MGI) is a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies. The MGI portfolio companies are growing via acquisitions plus organic growth and new technologies. "
target: gamigo AG
Headquartered in Germany, Gamigo has developed into one of the leading publishers of online and mobile games in Europe and North America. Gamigo grows via organic growth as well as through acquisitions and has made acquisitions in games, media, technology companies and individual game assets.
price ($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

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

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

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Goodgame Studios
Goodgame Studios is a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
price ($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.

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

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:$364.47)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: eRepublik Labs Limited
eRepublik Labs is an award winning games studio that invents new online game worlds. Their first game, eRepublik.com, was a pioneer in online free to play browser games, with over 7 million players since it launched in 2007.
price ($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.

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

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

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

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

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
announced 2/27/2014 via BusinessWire

ProSiebenSat.1 Games, will purchase Aeria Games Europe from Aeria Games & Entertainment, Inc.

synopsis: Aeria Games & Entertainment, Inc. has signed an agreement to sell its worldwide PC games business including its subsidiary Aeria Games Europe GmbH to ProSiebenSat.1 Games, a leading game publisher and a subsidiary of one of Europe’s largest major media companies. In addition, the transaction will include certain successful mobile games licenses.
buyer parent: ProSiebenSat.1 Media AG
buyer: ProSiebenSat.1 Games
ProSiebenSat.1 Games GmbH is the games company of ProSiebenSat.1 Media AG. As a leading publisher, the company focuses on the licensing and channeling of online games, and acts as a strong digital distribution partner for the gaming products of premium partners all over Europe "
seller parent: Aeria Inc.
seller: Aeria Games & Entertainment, Inc.
Aeria Games is a leading destination for free-to-play online multiplayer games. Aeria Games publishes and develops high quality online games in nine languages—English, German, French, Spanish, Portuguese, Polish, Italian, Turkish, and Russian—covering more than 30 countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Playa Games


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Playa Games

DECA Games

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Linden Lab

Jagex Ltd.

XLGames

Imperia Online JSC

CCP Games

IMI Exchange

Artplant AS

Gazillion Entertainment, Inc.

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Out of Reach The Game

Pocket Starships

The Repopulation

Simutronics Corporation

Jagex Ltd.

Fiesta Online

Infernum Productions AG

Sony Online Entertainment LLC

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Playa Games

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Nanobit d.o.o.

Candywriter, LLC

Storm8, Inc.

KIXEYE, Inc

Playa Games

Imperia Online JSC

Goodgame Studios

OFM Studios GmbH

eRepublik Labs Limited

Babil Games LLC

Simutronics Corporation

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Playa Games

KIXEYE, Inc

Imperia Online JSC

Digit Game Studios

Cocoon Games

Synapse Games

Pixonic LLC

LOCOJOY Inc.

gamigo AG

Riposte Games & Co

Edge Case Games

Goodgame Studios

Kongregate Inc.

eRepublik Labs Limited

GUANHUA Corp.

miaoju.cn

9377.com

Mojang AB

UT Game

Aeria Games & Entertainment, Inc.

Geography
Matching Companies
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NEXON Co., Ltd.
NEXON Co., Ltd.
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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.
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Macro Games S.A.
Macro Games S.A.
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$1.24
EBITDA ($mm)
$0.25
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Vespa Inc
Vespa Inc
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores.
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Longtu Korea Inc.
Longtu Korea Inc.
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EBITDA ($mm)
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DeNA Global, Inc.
DeNA Global, Inc.
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Zynga, Inc.
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.
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EBITDA ($mm)
($5.51)
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Tangelo Games
Tangelo Games
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year
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$11.56
EBITDA ($mm)
($2.63)
EBIT ($mm)
($2.62)
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35
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Glu Mobile Inc.
Glu Mobile Inc.
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Shenzhen ZQGame Co., Ltd.
Shenzhen ZQGame Co., Ltd.
ZQGame, Inc. is an online gaming company driven to create compelling entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.
year
2013
rev ($mm)
$51.93
EBITDA ($mm)
$10.47
EBIT ($mm)
$8.19
Net Income ($mm)
$8.17
Employees
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Ticker: OTCPK:FRZT
 
 
 
 
 
 
 
 
Freeze Tag, Inc.
Freeze Tag, Inc.
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2017
rev ($mm)
$0.12
EBITDA ($mm)
EBIT ($mm)
($0.64)
Net Income ($mm)
Employees
10
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Ticker: NCTY
 
 
 
 
 
 
 
 
The9 Limited
The9 Limited
The9 Limited is a leading online game operator in China. The9’s business is primarily focused on operating and developing high-quality games for the Chinese online game players market. The9 directly or through affiliates operates licensed MMORPGs.
year
2009
rev ($mm)
$760.52
EBITDA ($mm)
($229.57)
EBIT ($mm)
($403.97)
Net Income ($mm)
Employees
1010
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Ticker: PWRD
 
 
 
 
 
 
 
 
Perfect World Entertainment
Perfect World Entertainment
Perfect World is a leading publisher of online multiplayer games. Perfect World has published 10+ popular titles including Neverwinter, Star Trek Online, Gigantic and Livelock. By specializing in constantly evolving online games, Perfect World is one of the leading publishers in the gaming market.
year
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$618.99
EBITDA ($mm)
$106.32
EBIT ($mm)
$70.47
Net Income ($mm)
$75.92
Employees
5378
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Ticker: NGM:BUBL
 
 
 
 
 
 
 
 
Bublar Group AB
Bublar Group AB
Bublar Group AB is the Nordic region's largest gaming studio and enterprise solutions company within Augmented Reality (AR) Virtual Reality (VR) technology. The game development is run by the subsidiary Virtual Brains AB and enterprise solutions by the subsidiary Vobling AB.
year
2019
rev ($mm)
$1.84
EBITDA ($mm)
($3.45)
EBIT ($mm)
($4.65)
Net Income ($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)
$56,607.02
EBITDA ($mm)
$20,215.31
EBIT ($mm)
$14,271.20
Net Income ($mm)
$13,447.33
Employees
64238
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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)
$364.47
EBITDA ($mm)
$102.83
EBIT ($mm)
$86.95
Net Income ($mm)
$51.25
Employees
808
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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)
$56,607.02
EBITDA ($mm)
$20,215.31
EBIT ($mm)
$14,271.20
Net Income ($mm)
$13,447.33
Employees
64238
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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: 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
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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
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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
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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: 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: 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: 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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Ticker: HLSE:ROVIO
 
 
 
 
 
 
 
 
Rovio Entertainment Corporation
Rovio Entertainment Corporation
Rovio Entertainment Corporation is a games-first entertainment company, that creates, develops and publishes mobile games and acts as a brand licensor in various entertainment and consumer product categories. The Company is best known for the global Angry Birds brand, which started in 2009.
year
2020
rev ($mm)
$323.62
EBITDA ($mm)
$27.14
EBIT ($mm)
$26.48
Net Income ($mm)
$18.31
Employees
462
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