Like DECA Games

closed 8/14/2020 via BNC Analysis

Embracer Group, acquired DECA Games

See 5515 Comparable Transactions
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
closed 10/22/2020 via GlobeNewswire

Nacon, acquired Lunar Great Wall Studios

See 876 Comparable Transactions
synopsis: Nacon announced that it now owns 53% of the capital of Lunar Great Wall Studios Srl, better known under its 'RaceWard Studio' commercial label. The studio is in charge of the development of the game RiMS Racing for the Nacon Group, a realistic and ambitious motorbike racing simulation, introducing many new game mechanics for the genre.
buyer: Nacon (ENXTPA:BIG:$152.46)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
 target: Lunar Great Wall Studios
Lunar Great Wall Studios Srl, better known under its 'RaceWard Studio' commercial label, is in charge of the development of the game RiMS Racing for the Nacon Group, a realistic and ambitious motorbike racing simulation, introducing many new game mechanics for the genre.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/19/2020 via GlobeNewswire

Nacon, acquired Neopica BV

See 678 Comparable Transactions
synopsis: Nacon, a French video game company based in Lesquin, has acquired Neopica, a renowned Belgian studio that has developed around sixty games, including a number of casual games designed to appeal to the widest possible audience.
buyer: Nacon (ENXTPA:BIG:$152.46)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
 target: Neopica BV
Created in 2007, Neopica is a renowned Belgian studio that has developed around sixty games, including a number of casual games designed to appeal to the widest possible audience, particularly children, before moving on to more complex simulation games.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2020 via BusinessWire

Rockstar Games, acquired Ruffian Games

See 738 Comparable Transactions
synopsis: Rockstar Games, an American video game publisher that creates innovative and progressive interactive entertainment, has acquired Ruffian Games, a video game developer based in Dundee, Scotland. Founded in April 2008 by Gary Liddon, Billy Thomson and Gareth Noyce, the company is best known for developing Crackdown 2, released in 2010.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Rockstar Games
Rockstar Games is an American video game publisher that creates innovative and progressive interactive entertainment. Rockstar Games has created and published some of the most popular and critically-acclaimed games in the world, including franchises such as Grand Theft Auto, Max Payne, and Red Dead."
 target: Ruffian Games
Ruffian Games is a video game developer based in Dundee, Scotland. Founded in April 2008 by Gary Liddon, Billy Thomson and Gareth Noyce, the company is best known for developing Crackdown 2, released in 2010.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/8/2020 via BNC Analysis

Leaf Mobile, will acquire East Side Games

See 625 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 625 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
closed 10/7/2020 via gamesindustry.biz

Thunderful, acquired Coatsink

See 1188 Comparable Transactions
synopsis: Thunderful Group, a Swedish games publisher, has acquired Coatsink Software, an independent video game developer and publisher in the UK. Coatsink develops games for consoles, PC and VR platforms. Their growing catalog of games cover an array of genres, including puzzle, platformers, RPG and FPS. Their titles include PHOGS!, Onward, and more.
buyer: Thunderful
Based in Sweden, Thunderful AB was founded as a parent company to Gothenburg, Sweden-based game development studios Image & Form International AB and Zoink AB, two of the most successful veterans in the Swedish gaming industry. Thunderful is a veritable video-gaming powerhouse on all platforms. "
 target: Coatsink
Coatsink is an independent video game developer and publisher in the UK. Coatsink develops games for consoles, PC and VR platforms. Their growing catalog of games cover an array of genres, including puzzle, platformers, RPG and FPS. Their titles include Jurassic World Aftermath, Onward, and more.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/30/2020 via Company Press Release

Sumo Digital Ltd., will acquire Pipeworks Inc.

See 738 Comparable Transactions
synopsis: UK-based Sumo Group has agreed to acquire Pipeworks, Inc., an innovative and highly-experienced full and co-development studio. The acquisition gives Sumo a significant and well-established presence on the West Coast to expand in the US market and brings an abundance of valuable experience to the Group.
buyer: Sumo Digital Ltd. (AIM:SUMO:$70.65)
Sumo is an award-winning game developer headquartered in Sheffield, with eight UK studios and one studio in India. Sumo is recognised for its versatility, proprietary technology, and creativity across a portfolio of games featuring titles for major publishers, including Microsoft, Sony, Sega and 2K."
 target parent: Northern Pacific Group
target: Pipeworks Inc.
Pipeworks Studios is a highly versatile and respected developer of distinctive games and interactive software. Pipeworks creates popular, innovative, and unique games that harness the creative spark of its teams and embrace the power of its players and community.
price ($mm)
$60
rev ($mm)
$19
EBITDA ($mm)
$4
EV / rev
5.2x
EV / EBITDA
23.8x
closed 9/25/2020 via BNC Analysis

4D Factory, acquired Neon Media IO

See 797 Comparable Transactions
synopsis: Media technology holding company 4D Factory has acquired a majority of Neon Media, an early-stage game and transmedia startup that was originally spun out of HBO's interactive division. The company was incorporated in 2020 and is based in Seattle, Washington.
buyer: 4D Factory
4D is a holding company formed to leverage the opportunities arising in this era of tech-driven media transformation, acquiring platforms & applications developed from their global sources of deal flow and IP. "
 target: Neon Media IO
Neon Media is an early-stage game and transmedia startup that was originally spun out of HBO's interactive division. The company was incorporated in 2020 and is based in Seattle, Washington.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/21/2020 via Company Press Release

Microsoft Corporation, will acquire ZeniMax Media, Inc.

See 738 Comparable Transactions
synopsis: Microsoft, a leading software corporation, will acquire ZeniMax Media, a worldwide publisher of interactive entertainment. ZeniMax creates and publishes original interactive entertainment content for consoles, the PC, and mobile devices. Their titles include major franchises such as The Elder Scrolls, Fallout, DOOM, RAGE, Wolfenstein, and more.
buyer: Microsoft Corporation (MSFT:$143,015.00)
Microsoft is the leading software corporation that develops, manufactures, licenses, supports, and sells a range of software products and services. They offer Business Software, Design Tools, Developer Tools, Home & Educational Software, Tablets, Search, Advertising, Cloud Computing and more. "
 target: ZeniMax Media, Inc.
ZeniMax Media is a video game publisher which has assembled a strong creative team of world-class game developers, graphic artists, designers and programmers to create and sell premium video game titles to a growing worldwide market. Their titles include Fallout, DOOM, The Elder Scrolls, and RAGE.
price ($mm)
$7,500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2020 via BNC Analysis

Keywords Studios, acquired Heavy Iron Studios

See 738 Comparable Transactions
synopsis: Services and software giant Keywords has acquired Heavy Iron Studios, an American video game developer based in Los Angeles, California. Founded back in 1999, the studio has worked on titles including the recently-launched Marvel's Avengers from Square Enix, Activision's Call of Duty and Disney Infinity.
buyer: Keywords Studios (AIM:KWS:$406.90)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
 target: Heavy Iron Studios
Heavy Iron Studios is an American video game developer based in Los Angeles, California. Founded back in 1999, the studio has worked on titles including the recently-launched Marvel's Avengers from Square Enix, Activision's Call of Duty and Disney Infinity.
price ($mm)
$4.50
rev ($mm)
$5
EBITDA ($mm)
$1
EV / rev
2.5x
EV / EBITDA
13.3x
announced 9/18/2020 via BNC Analysis

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

See 633 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:$364.47)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
 target: Nanobit d.o.o.
Nanobit is an award-winning global game development studio based in Zagreb, Croatia with a worldwide reach of millions of players across countries and languages. Their titles primarily encompass lifestyle simulation role playing games (RPGs) targeted at a female audience.
price ($mm)
$103
rev ($mm)
$73
EBITDA ($mm)
EV / rev
2.1x
EV / EBITDA
closed 9/18/2020 via gamesindustry.biz

Bandai Namco Entertainment Inc., acquired Reflector Entertainment

See 811 Comparable Transactions
synopsis: Bandai Namco Entertainment, a Japanese multinational video game developer and publisher, has acquired Reflector Entertainment, a transmedia company in Canada. Reflector creates universes that tell stories across multiple platforms. Their first product, Unknown 9, is a paranormal mystery that unfolds across novels, comics, podcasts and video games.
buyer parent: BANDAI NAMCO Holdings, Inc.
buyer: Bandai Namco Entertainment Inc.
Bandai Namco Entertainment is a Japanese multinational video game developer and publisher. Bandai Namco publishes and develops games for all major video game consoles, iOS, Android, and online platforms. Their top video game franchises include PAC-MAN, Tekken, Galaga, Ace Combat, and more. "
 target: Reflector Entertainment
Reflector Entertainment is a transmedia company in Canada. Reflector creates expanding universes that tell stories across multiple platforms. Their first product, Unknown 9, is a paranormal mystery that unfolds across a wide variety of platforms, including novels, comics, podcasts and video games.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2020 via GlobeNewswire

V2 Games Inc., acquired GameOn App Inc.

See 177 Comparable Transactions
synopsis: Vancouver-based V2 Games Inc., a portfolio company of Victory Square Technologies Inc., has acquired the assets and IP of GameOn App Inc., a leading-edge gaming company providing consumers, broadcasters, sportsbooks, venues, and brand partners with interactive, social experiences around sports, television, and live events.
buyer parent: Victory Square Technologies
buyer: V2 Games Inc.
Vancouver-based V2 Games is a video and mobile game ventures firm focusing on royalty investments in high-value gaming projects featuring globally-recognized intellectual properties. Its portfolio of games includes Pacific Rim: Breach Wars, Rune: Ragnarok, Men In Black, and Hello Kitty. "
 target: GameOn App Inc.
GameOn is a leading-edge gaming company providing consumers, broadcasters, sportsbooks, venues, and brand partners with interactive, social experiences around sports, television, and live events. GameOn drives engagement and revenue through its suite of proprietary mobile and TV technologies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/17/2020 via Company Press Release

Koch Media, will acquire Vertigo Games

See 574 Comparable Transactions
synopsis: Koch Media is to acquire 100 percent of the shares of Dutch-based Vertigo Games, a multiplatform VR entertainment company group with offices in Rotterdam and Los Angeles. Vertigo Games focuses on development (Vertigo Studios) and publishing, both for home entertainment (Vertigo Publishing) as well as location-based-entertainment (Vertigo Arcades).
buyer parent: Embracer Group
buyer: Koch Media
Austria-based Koch Media is a leading, independent producer and marketer of digital entertainment products and accessories. Its business areas include distribution of media products, including movies, video games and software products, and games publishing under the Deep Silver label. "
 target: Vertigo Games
Vertigo Games is a multiplatform VR entertainment company group with offices in Rotterdam and Los Angeles. Vertigo Games focuses on development (Vertigo Studios) and publishing, both for home entertainment (Vertigo Publishing) as well as location-based-entertainment (Vertigo Arcades).
price ($mm)[EV]
$59 [$53]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/9/2020 via BNC Analysis

Challenger Mobile, will acquire Battlecamp AB

See 620 Comparable Transactions
synopsis: Challenger Mobile, a Swedish provider of IP-based mobile telephony services and solutions, will acquire Battlecamp, a Swedish mobile game developer. Battlecamp specializes in developing games for iOS and Android devices. Their flagship game, Battle Camp, is an RPG where players can catch, train, evolve and battle with over 1,200 monsters.
buyer: Challenger Mobile (NGM:CHAL B:$0.02)
Challenger Mobile is a Swedish provider of IP-based mobile telephony services and solutions. Challenger Mobile offers a white label solution that enables operators to offer mobile IP telephony to their customers. Their technology helps operators to build a stronger brand and increase their revenue. "
 target: Battlecamp AB
Battlecamp is a Swedish mobile game developer. Battlecamp specializes in developing games for iOS and Android devices. Their flagship game, Battle Camp, is a role playing game (RPG) where players can catch, train, evolve and battle with over 1,200 monsters.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/28/2020 via gamesindustry.biz

MAG Interactive, acquired Sventertainment AB

See 1067 Comparable Transactions
synopsis: MAG Interactive, a leading mobile developer and publisher of casual mobile games in Sweden, has acquired Sventertainment, a Swedish mobile game company. Sventertainment's Primetime is a mobile quiz game that broadcasts quiz games live every day, seven days a week. Primetime enables players to compete in quizzes in real time and earn money.
buyer: MAG Interactive (OM:MAGI:$26.90)
MAG Interactive is a leading mobile developer and publisher of casual mobile games in Sweden. MAG Interactive creates quality experiences that make players want to come back for more. Their portfolio of games include Ruzzle, Word Domination, Wordbrain, Paint Hit, Quiz Duel, and more. "
 target: Sventertainment AB
Sventertainment is a Swedish mobile game company that specializes in live-streamed entertainment. Sventertainment's Primetime is a mobile quiz game that broadcasts quiz games live every day, seven days a week. Primetime enables players to compete in quizzes in real time and earn money.
price ($mm)
$2.29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/28/2020 via Company Press Release

Media and Games Invest plc, will acquire freenet digital GmbH

See 704 Comparable Transactions
synopsis: Media and Games Invest plc agreed to acquire freenet digital GmbH, a subsidiary of freenet AG. Freenet digital is a leading global provider of next generation entertainment content and services for the digital consumer and known for developing exciting new products and services that deliver a seamless experience via web or wireless connection.
buyer: Media and Games Invest plc (XTRA:BCK:$151.12)
Media and Games Invest plc (MGI) is a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies. The MGI portfolio companies are growing via acquisitions plus organic growth and new technologies. "
 target parent: Freenet AG
target: freenet digital GmbH
Founded in 2000, freenet digital is a leading global provider of next generation entertainment content and services for the digital consumer and known for developing exciting new products and services that deliver a seamless experience via web or wireless connection.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/27/2020 via BNC Analysis

Enad Global 7 AB, will acquire Big Blue Bubble Inc

See 687 Comparable Transactions
synopsis: Enad Global 7 AB has entered into an agreement to acquire 100 percent of Big Blue Bubble. Big Blue Bubble is a gaming industry mainstay that has released more than 100 titles; its own IP as well as in partnership with world-class brands such as Disney, DreamWorks, Scholastic, and Nickelodeon.
buyer: Enad Global 7 AB (OM:EG7:$53.56)
EG7 (Enad Global 7) is a family of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 100+ game developers and develops its own original IP:s. "
 target: Big Blue Bubble Inc
Big Blue Bubble is a gaming industry mainstay that has released more than 100 titles; its own IP as well as in partnership with world-class brands such as Disney, DreamWorks, Scholastic, and Nickelodeon. My Singing Monsters is one of the studio’s award-winning free-to-play (F2P) game franchises.
price ($mm)
$12
rev ($mm)
$9
EBITDA ($mm)
$3
EV / rev
6.3x
EV / EBITDA
21.7x
announced 8/19/2020 via BNC Analysis

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

See 625 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
Pages:  
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired DECA Games

See 5515 Comparable Transactions
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
closed 11/7/2018 via Company Press Release

DECA Games, acquired Zombie Catchers

See 627 Comparable Transactions
synopsis: DECA Games, the live operations experts who rescue and reinvigorate games, announced the acquisition of Zombie Catchers. Zombie Catchers is a mobile game from Helsinki-based indie studio Two Men and a Dog. It is an action adventure game played by more than 55 million players and is compatible with iOS and android devices.
buyer: DECA Games
DECA Games focuses on live operations to breathe new life into games on the decline. DECA works with games studios and developers who lack the resources to handle the responsibilities of running a game as a service. They handle management, feature development, art and promotional planning services. "
 target parent: Two Men and a Dog
target: Zombie Catchers
Zombie Catchers is an action adventure mobile game from indie studio Two Men and a Dog. It has been played by more than 55 million players, is top 10 in more than 90 countries on the iTunes App store and is compatible with iOS and android applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/17/2020 via Company Press Release

Koch Media, will acquire Vertigo Games

See 574 Comparable Transactions
synopsis: Koch Media is to acquire 100 percent of the shares of Dutch-based Vertigo Games, a multiplatform VR entertainment company group with offices in Rotterdam and Los Angeles. Vertigo Games focuses on development (Vertigo Studios) and publishing, both for home entertainment (Vertigo Publishing) as well as location-based-entertainment (Vertigo Arcades).
buyer parent: Embracer Group
buyer: Koch Media
Austria-based Koch Media is a leading, independent producer and marketer of digital entertainment products and accessories. Its business areas include distribution of media products, including movies, video games and software products, and games publishing under the Deep Silver label. "
 target: Vertigo Games
Vertigo Games is a multiplatform VR entertainment company group with offices in Rotterdam and Los Angeles. Vertigo Games focuses on development (Vertigo Studios) and publishing, both for home entertainment (Vertigo Publishing) as well as location-based-entertainment (Vertigo Arcades).
price ($mm)[EV]
$59 [$53]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

THQ Nordic AB, acquired Pow Wow Entertainment

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Pow Wow Entertainment through THQ Nordic. Pow Wow Entertainment is an independent game development studio in Vienna. They are a team of experienced artists, designers, engineers and product designers and together they are crafting original game brands for PC and console.
buyer parent: Embracer Group
buyer: THQ Nordic AB (OM:THQN B:$596.89)
Austria-based THQ Nordic acquires, develops and publishes PC and console games for the global games market. The company is a major player within game and partner publishing with an extensive catalogue of over 100 owned franchises, such as Saints Row, Dead Island, and Darksiders amongst others. "
 target: Pow Wow Entertainment
Pow Wow Entertainment is an independent game development studio in Vienna. They are a team of experienced artists, designers, engineers and product designers and together they are crafting original game brands for PC and console.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Koch Media, acquired Sola Media

See 31 Comparable Transactions
synopsis: Embracer Group has acquired Sola Media through THQ Nordic subsidiary, Koch Film. One of the leading companies in its field, Sola Media has been operating in the international arena since 2004, selling some of the most beloved children & family films across the globe, and specializing in high-quality animated features for the big screen.
buyer parent: Embracer Group
buyer: Koch Media
Austria-based Koch Media is a leading, independent producer and marketer of digital entertainment products and accessories. Its business areas include distribution of media products, including movies, video games and software products, and games publishing under the Deep Silver label. "
 target: Sola Media
One of the leading companies in its field, Sola Media has been operating in the international arena since 2004, selling some of the most beloved children & family films across the globe, and specializing in high-quality animated features for the big screen. They are based in Germany.
price ($mm)
$2.68
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Amplifier Game Invest, acquired Rare Earth Games GmbH

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Rare Earth Games through its Amplifier Game Invest label. Rare Earth Games is a development studio focused on action-packed multiplayer game titles for PC, Consoles and Cloud services. They are based in Austria.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: Rare Earth Games GmbH
Rare Earth Games is a development studio focused on action-packed multiplayer game titles for PC, Consoles and Cloud services. They are based in Austria.
price ($mm)
$1.31
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Amplifier Game Invest, acquired Vermila Studios

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Vermila Studios through its Amplifier Game Invest label. Vermila Studios is a game development studio currently working on their first production, Crisol: Theater of Idols, a first-person horror adventure.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: Vermila Studios
Vermila Studios is a game development studio currently working on their first production, Crisol: Theater of Idols. The game is a first-person horror adventure set in the town of Tormentosa, a Hispanian village with an ancient past, with captivating visuals based on warm Spanish red and gold colors.
price ($mm)
$1.06
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Amplifier Game Invest, acquired Palindrome Interactive

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Palindrome Interactive through its Amplifier Game Invest label. Palindrome Interactive is a game development company based in Skövde, Sweden. Their first game, Immortal Realms: Vampire Wars, is an engaging strategy game set in a dark vampire world in turmoil.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: Palindrome Interactive
Palindrome Interactive is a game development company based in Skövde, Sweden. Their first game, Immortal Realms: Vampire Wars, is an engaging strategy game set in a dark vampire world in turmoil.
price ($mm)
$2.46*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired New World Interactive

See 672 Comparable Transactions
synopsis: THQ Nordic parent organisation Embracer Group has acquired New World Interactive, an independent game developer most notable for the Insurgency franchise, which released in January of 2014 and has gone on to sell over 5 million units worldwide. The company now has two offices and over 35 developers located all over the world.
buyer: Embracer Group (OM:EMBRAC B:$791.62)
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Embracer Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
 target: New World Interactive
New World Interactive is an independent game developer most notable for the Insurgency franchise, which released in January of 2014 and has gone on to sell over 5 million units worldwide. The company now has two offices and over 35 developers located all over the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired 4A Games

See 672 Comparable Transactions
synopsis: Embracer Group has acquired 4A Games, a video game development studio known for its atmospheric first person shooters Metro 2033 and Metro: Last Light. The studio was established by experienced game industry professionals with the aim of creating premium quality games for latest generation consoles and personal computers.
buyer: Embracer Group (OM:EMBRAC B:$791.62)
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Embracer Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
 target: 4A Games
4A Games is a video game development studio known for its atmospheric first person shooters Metro 2033 and Metro: Last Light. The studio was established by experienced game industry professionals with the aim of creating premium quality games for latest generation consoles and personal computers.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired DECA Games

See 5515 Comparable Transactions
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
closed 5/21/2020 via Company Press Release

Amplifier Game Invest, acquired DESTINYbit

See 738 Comparable Transactions
synopsis: Amplifier Game Invest, a company that seeks out and invests internationally in the most talented game teams and game studios in the business, has acquired DESTINYbit, an innovative game studio, based in Ravenna, Italy.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: DESTINYbit
DESTINYbit is an innovative game studio, based in Ravenna, Italy. With their upcoming game launch of Dice Legacy, and their experience as game developers, the studio has proven themselves to be one of the most interesting small developers in Italy.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/19/2020 via BNC Analysis

Embracer Group, acquired Saber Interactive

See 738 Comparable Transactions
synopsis: Embracer Group has acquired World War Z developer Saber Interactive. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content.
buyer: Embracer Group (OM:EMBRAC B:$791.62)
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Embracer Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
 target: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content.
price ($mm)
$150
rev ($mm)
$105
EBITDA ($mm)
$62
EV / rev
5.0x
EV / EBITDA
8.5x
announced 2/19/2020 via Company Press Release

Koch Media, will acquire Voxler SAS

See 92 Comparable Transactions
synopsis: Embracer Group AB’s indirectly wholly owned subsidiary Koch Media GmbH, has entered into an agreement to acquire the Paris and Marseille based Voxler SAS, a leading developer of music and karaoke games.
buyer parent: Embracer Group
buyer: Koch Media
Austria-based Koch Media is a leading, independent producer and marketer of digital entertainment products and accessories. Its business areas include distribution of media products, including movies, video games and software products, and games publishing under the Deep Silver label. "
 target: Voxler SAS
Voxler is made up of an independent team that develops musical video games that have already made more than 2 million players sing and dance in Europe. Voxler is an official developer on all consoles on the market and has several successful musical games to its credit.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2019 via Company Press Release

Embracer Group, acquired Tarsier Studios

See 678 Comparable Transactions
synopsis: Embracer Group, a Swedish video game holding company, has acquired Tarsier Studios, an independent game development studio in Sweden. Tarsier focuses on developing adventure games and puzzle platformers for PC and console. The studio is best known for their award winning Little Nightmares franchise.
buyer: Embracer Group (OM:EMBRAC B:$791.62)
Embracer Group is a Swedish video game holding company. Embracer Group is the parent company of THQ Nordic, Koch Media and Coffee Stain. The Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
 target: Tarsier Studios
Tarsier Studios is an independent game development studio in Sweden. Tarsier focuses on developing adventure games and puzzle platformers for PC and console. The studio is best known for their award winning Little Nightmares franchise. Their other games include Statik and The Stretchers.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired DECA Games

See 5515 Comparable Transactions
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
closed 10/22/2020 via GlobeNewswire

Nacon, acquired Lunar Great Wall Studios

See 876 Comparable Transactions
synopsis: Nacon announced that it now owns 53% of the capital of Lunar Great Wall Studios Srl, better known under its 'RaceWard Studio' commercial label. The studio is in charge of the development of the game RiMS Racing for the Nacon Group, a realistic and ambitious motorbike racing simulation, introducing many new game mechanics for the genre.
buyer: Nacon (ENXTPA:BIG:$152.46)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
 target: Lunar Great Wall Studios
Lunar Great Wall Studios Srl, better known under its 'RaceWard Studio' commercial label, is in charge of the development of the game RiMS Racing for the Nacon Group, a realistic and ambitious motorbike racing simulation, introducing many new game mechanics for the genre.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2020 via BusinessWire

Rockstar Games, acquired Ruffian Games

See 738 Comparable Transactions
synopsis: Rockstar Games, an American video game publisher that creates innovative and progressive interactive entertainment, has acquired Ruffian Games, a video game developer based in Dundee, Scotland. Founded in April 2008 by Gary Liddon, Billy Thomson and Gareth Noyce, the company is best known for developing Crackdown 2, released in 2010.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Rockstar Games
Rockstar Games is an American video game publisher that creates innovative and progressive interactive entertainment. Rockstar Games has created and published some of the most popular and critically-acclaimed games in the world, including franchises such as Grand Theft Auto, Max Payne, and Red Dead."
 target: Ruffian Games
Ruffian Games is a video game developer based in Dundee, Scotland. Founded in April 2008 by Gary Liddon, Billy Thomson and Gareth Noyce, the company is best known for developing Crackdown 2, released in 2010.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/7/2020 via gamesindustry.biz

Thunderful, acquired Coatsink

See 1188 Comparable Transactions
synopsis: Thunderful Group, a Swedish games publisher, has acquired Coatsink Software, an independent video game developer and publisher in the UK. Coatsink develops games for consoles, PC and VR platforms. Their growing catalog of games cover an array of genres, including puzzle, platformers, RPG and FPS. Their titles include PHOGS!, Onward, and more.
buyer: Thunderful
Based in Sweden, Thunderful AB was founded as a parent company to Gothenburg, Sweden-based game development studios Image & Form International AB and Zoink AB, two of the most successful veterans in the Swedish gaming industry. Thunderful is a veritable video-gaming powerhouse on all platforms. "
 target: Coatsink
Coatsink is an independent video game developer and publisher in the UK. Coatsink develops games for consoles, PC and VR platforms. Their growing catalog of games cover an array of genres, including puzzle, platformers, RPG and FPS. Their titles include Jurassic World Aftermath, Onward, and more.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/30/2020 via Company Press Release

Sumo Digital Ltd., will acquire Pipeworks Inc.

See 738 Comparable Transactions
synopsis: UK-based Sumo Group has agreed to acquire Pipeworks, Inc., an innovative and highly-experienced full and co-development studio. The acquisition gives Sumo a significant and well-established presence on the West Coast to expand in the US market and brings an abundance of valuable experience to the Group.
buyer: Sumo Digital Ltd. (AIM:SUMO:$70.65)
Sumo is an award-winning game developer headquartered in Sheffield, with eight UK studios and one studio in India. Sumo is recognised for its versatility, proprietary technology, and creativity across a portfolio of games featuring titles for major publishers, including Microsoft, Sony, Sega and 2K."
 target parent: Northern Pacific Group
target: Pipeworks Inc.
Pipeworks Studios is a highly versatile and respected developer of distinctive games and interactive software. Pipeworks creates popular, innovative, and unique games that harness the creative spark of its teams and embrace the power of its players and community.
price ($mm)
$60
rev ($mm)
$19
EBITDA ($mm)
$4
EV / rev
5.2x
EV / EBITDA
23.8x
closed 9/25/2020 via BNC Analysis

4D Factory, acquired Neon Media IO

See 797 Comparable Transactions
synopsis: Media technology holding company 4D Factory has acquired a majority of Neon Media, an early-stage game and transmedia startup that was originally spun out of HBO's interactive division. The company was incorporated in 2020 and is based in Seattle, Washington.
buyer: 4D Factory
4D is a holding company formed to leverage the opportunities arising in this era of tech-driven media transformation, acquiring platforms & applications developed from their global sources of deal flow and IP. "
 target: Neon Media IO
Neon Media is an early-stage game and transmedia startup that was originally spun out of HBO's interactive division. The company was incorporated in 2020 and is based in Seattle, Washington.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/21/2020 via Company Press Release

Microsoft Corporation, will acquire ZeniMax Media, Inc.

See 738 Comparable Transactions
synopsis: Microsoft, a leading software corporation, will acquire ZeniMax Media, a worldwide publisher of interactive entertainment. ZeniMax creates and publishes original interactive entertainment content for consoles, the PC, and mobile devices. Their titles include major franchises such as The Elder Scrolls, Fallout, DOOM, RAGE, Wolfenstein, and more.
buyer: Microsoft Corporation (MSFT:$143,015.00)
Microsoft is the leading software corporation that develops, manufactures, licenses, supports, and sells a range of software products and services. They offer Business Software, Design Tools, Developer Tools, Home & Educational Software, Tablets, Search, Advertising, Cloud Computing and more. "
 target: ZeniMax Media, Inc.
ZeniMax Media is a video game publisher which has assembled a strong creative team of world-class game developers, graphic artists, designers and programmers to create and sell premium video game titles to a growing worldwide market. Their titles include Fallout, DOOM, The Elder Scrolls, and RAGE.
price ($mm)
$7,500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2020 via BNC Analysis

Keywords Studios, acquired Heavy Iron Studios

See 738 Comparable Transactions
synopsis: Services and software giant Keywords has acquired Heavy Iron Studios, an American video game developer based in Los Angeles, California. Founded back in 1999, the studio has worked on titles including the recently-launched Marvel's Avengers from Square Enix, Activision's Call of Duty and Disney Infinity.
buyer: Keywords Studios (AIM:KWS:$406.90)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
 target: Heavy Iron Studios
Heavy Iron Studios is an American video game developer based in Los Angeles, California. Founded back in 1999, the studio has worked on titles including the recently-launched Marvel's Avengers from Square Enix, Activision's Call of Duty and Disney Infinity.
price ($mm)
$4.50
rev ($mm)
$5
EBITDA ($mm)
$1
EV / rev
2.5x
EV / EBITDA
13.3x
closed 9/18/2020 via gamesindustry.biz

Bandai Namco Entertainment Inc., acquired Reflector Entertainment

See 811 Comparable Transactions
synopsis: Bandai Namco Entertainment, a Japanese multinational video game developer and publisher, has acquired Reflector Entertainment, a transmedia company in Canada. Reflector creates universes that tell stories across multiple platforms. Their first product, Unknown 9, is a paranormal mystery that unfolds across novels, comics, podcasts and video games.
buyer parent: BANDAI NAMCO Holdings, Inc.
buyer: Bandai Namco Entertainment Inc.
Bandai Namco Entertainment is a Japanese multinational video game developer and publisher. Bandai Namco publishes and develops games for all major video game consoles, iOS, Android, and online platforms. Their top video game franchises include PAC-MAN, Tekken, Galaga, Ace Combat, and more. "
 target: Reflector Entertainment
Reflector Entertainment is a transmedia company in Canada. Reflector creates expanding universes that tell stories across multiple platforms. Their first product, Unknown 9, is a paranormal mystery that unfolds across a wide variety of platforms, including novels, comics, podcasts and video games.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/28/2020 via Company Press Release

Media and Games Invest plc, will acquire freenet digital GmbH

See 704 Comparable Transactions
synopsis: Media and Games Invest plc agreed to acquire freenet digital GmbH, a subsidiary of freenet AG. Freenet digital is a leading global provider of next generation entertainment content and services for the digital consumer and known for developing exciting new products and services that deliver a seamless experience via web or wireless connection.
buyer: Media and Games Invest plc (XTRA:BCK:$151.12)
Media and Games Invest plc (MGI) is a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies. The MGI portfolio companies are growing via acquisitions plus organic growth and new technologies. "
 target parent: Freenet AG
target: freenet digital GmbH
Founded in 2000, freenet digital is a leading global provider of next generation entertainment content and services for the digital consumer and known for developing exciting new products and services that deliver a seamless experience via web or wireless connection.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/27/2020 via BNC Analysis

Enad Global 7 AB, will acquire Big Blue Bubble Inc

See 687 Comparable Transactions
synopsis: Enad Global 7 AB has entered into an agreement to acquire 100 percent of Big Blue Bubble. Big Blue Bubble is a gaming industry mainstay that has released more than 100 titles; its own IP as well as in partnership with world-class brands such as Disney, DreamWorks, Scholastic, and Nickelodeon.
buyer: Enad Global 7 AB (OM:EG7:$53.56)
EG7 (Enad Global 7) is a family of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 100+ game developers and develops its own original IP:s. "
 target: Big Blue Bubble Inc
Big Blue Bubble is a gaming industry mainstay that has released more than 100 titles; its own IP as well as in partnership with world-class brands such as Disney, DreamWorks, Scholastic, and Nickelodeon. My Singing Monsters is one of the studio’s award-winning free-to-play (F2P) game franchises.
price ($mm)
$12
rev ($mm)
$9
EBITDA ($mm)
$3
EV / rev
6.3x
EV / EBITDA
21.7x
closed 8/14/2020 via BNC Analysis

Amplifier Game Invest, acquired Rare Earth Games GmbH

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Rare Earth Games through its Amplifier Game Invest label. Rare Earth Games is a development studio focused on action-packed multiplayer game titles for PC, Consoles and Cloud services. They are based in Austria.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: Rare Earth Games GmbH
Rare Earth Games is a development studio focused on action-packed multiplayer game titles for PC, Consoles and Cloud services. They are based in Austria.
price ($mm)
$1.31
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Amplifier Game Invest, acquired Vermila Studios

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Vermila Studios through its Amplifier Game Invest label. Vermila Studios is a game development studio currently working on their first production, Crisol: Theater of Idols, a first-person horror adventure.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: Vermila Studios
Vermila Studios is a game development studio currently working on their first production, Crisol: Theater of Idols. The game is a first-person horror adventure set in the town of Tormentosa, a Hispanian village with an ancient past, with captivating visuals based on warm Spanish red and gold colors.
price ($mm)
$1.06
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

Amplifier Game Invest, acquired Palindrome Interactive

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Palindrome Interactive through its Amplifier Game Invest label. Palindrome Interactive is a game development company based in Skövde, Sweden. Their first game, Immortal Realms: Vampire Wars, is an engaging strategy game set in a dark vampire world in turmoil.
buyer parent: Embracer Group
buyer: Amplifier Game Invest
Amplifier Game Invest seeks out and invests internationally in the most talented game teams and game studios in the business. The goal is to, by contributing game development experience and expertise, build long term success for the companies, and better, more successful games. "
 target: Palindrome Interactive
Palindrome Interactive is a game development company based in Skövde, Sweden. Their first game, Immortal Realms: Vampire Wars, is an engaging strategy game set in a dark vampire world in turmoil.
price ($mm)
$2.46*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2020 via BNC Analysis

THQ Nordic AB, acquired Pow Wow Entertainment

See 738 Comparable Transactions
synopsis: Embracer Group has acquired Pow Wow Entertainment through THQ Nordic. Pow Wow Entertainment is an independent game development studio in Vienna. They are a team of experienced artists, designers, engineers and product designers and together they are crafting original game brands for PC and console.
buyer parent: Embracer Group
buyer: THQ Nordic AB (OM:THQN B:$596.89)
Austria-based THQ Nordic acquires, develops and publishes PC and console games for the global games market. The company is a major player within game and partner publishing with an extensive catalogue of over 100 owned franchises, such as Saints Row, Dead Island, and Darksiders amongst others. "
 target: Pow Wow Entertainment
Pow Wow Entertainment is an independent game development studio in Vienna. They are a team of experienced artists, designers, engineers and product designers and together they are crafting original game brands for PC and console.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2020 via BNC Analysis

Sambon Electronics Co.,Ltd, acquired Day1 Entertainment

See 687 Comparable Transactions
synopsis: Sambon Electronics, a South Korean manufacturer, has acquired Day1 Entertainment, a South Korean mobile games developer and publisher. Day1 develops and publishes games in a variety of genres, including MMORPG, RPG, strategy, casual, simulation, and action. Their titles include Blood Chaos: Awakening, Nyan Jump, Little Mage, and more.
buyer: Sambon Electronics Co.,Ltd (KOSDAQ:A111870:$27.33)
Sambon Electronics is a South Korean manufacturer. Sambon Electronics specializes in manufacturing headphones, earbuds and speakers. The company's mission is to connect people with sound through their high-quality and reliable products. "
 target: Day1 Entertainment
Day1 Entertainment is a South Korean mobile games developer and publisher. Day1 develops and publishes games in a variety of genres, including MMORPG, RPG, strategy, casual, simulation, and action. Their titles include Blood Chaos: Awakening, Nyan Jump, Little Mage, and more.
price ($mm)
$10
rev ($mm)
$1
EBITDA ($mm)
EV / rev
10.2x
EV / EBITDA
closed 7/22/2020 via BNC Analysis

Amber, acquired KaraOkulta

See 738 Comparable Transactions
synopsis: Romanian games development agency firm Amber has merged with Guadalajara-based studio KaraOkulta. KaraOkulta is a developer & publisher of apps and games, growing everyday thanks their community and the help of its participants.
buyer: Amber
Amber is a full-service game development and creative services agency based in Romania. Amber offers a full range of game development services, including full game production, co-development, engineering, design, live ops, quality assurance and more. "
 target: KaraOkulta
Guadalajara-based studio KaraOkulta is a developer & publisher of apps and games, growing everyday thanks their community and the help of its participants.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/22/2020 via BNC Analysis

TinyBuild GAMES, acquired Dynamic Pixels

See 738 Comparable Transactions
synopsis: TinyBuild has announced that it is officially acquiring the developers of Hello Neighbor, Dynamic Pixels, which will be rebranded as Eerie Guest Studios. Indie publisher TinyBuild announced that the Hello Neighbor franchise has grown to encompass 30 million players, a huge milestone for a stealth/horror title aimed at children and young adults.
buyer: TinyBuild GAMES
tinyBuild is a video game development and publishing company with its HQ in Bellevue, USA and a branch office in Hilversum, The Netherlands. They're known for titles such as Hello Neighbor, SpeedRunners, Graveyard Keeper, and many more. "
 target: Dynamic Pixels
Dynamic Pixels is a game developer behind the Hello Neighbor franchise, a stealth/horror title aimed at children and young adults. Dynamic Pixels is based in Russia and also develops mobile games. They are a pioneer of a freemium business model of games distribution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/17/2020 via Company Press Release

Paradox Interactive, acquired Iceflake Studios Ltd.

See 1188 Comparable Transactions
synopsis: Paradox Interactive, a publisher and developer of games worth acquiring, acquired Iceflake Studios, a developer located in Tampere, Finland. Iceflake Studios was founded in 2007 and has developed games for PCs, consoles and VR and mobile platforms. The studio is developing Surviving the Aftermath with Paradox, a survival management-strategy game.
buyer: Paradox Interactive (OM:PDX:$163.13)
Paradox Interactive is a Swedish publisher and developer of games and brands. Its game portfolio consists of more than 100 titles, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, Magicka, Age of Wonders, and the World of Darkness brand. "
 target: Iceflake Studios Ltd.
Located in Finland, Iceflake Studios was founded in 2007 and has developed games for PCs, consoles and for all current VR and mobile platforms. The studio is currently developing Surviving the Aftermath with Paradox, a survival management-strategy game now available in early access on PC and Xbox.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/25/2020 via BusinessWire

Focus Home Interactive, acquired DECK13 Interactive GmbH

See 738 Comparable Transactions
synopsis: Focus Home Interactive, a leading French publisher of video games, announced the acquisition of 100% of share capital of Deck13 Interactive GmbH, a leading German game development studio and long-time partner of Focus Home Interactive.
buyer: Focus Home Interactive (ENXTPA:ALFOC:$160.69)
Focus Home Interactive SA is a French independent video game publisher and developer based in Paris, France. Founded in 1996, Focus has published and distributed original titles such as Sherlock Holmes, TrackMania, Runaway and sports games like Cycling Manager and Virtual Skipper. "
 target: DECK13 Interactive GmbH
Deck13 Interactive is one of Germany’s leading developers with more than 18 years of experience. With over 60 employees located in Frankfurt, Deck13 Interactive has developed upwards of 20 titles, including major releases such as The Surge and Lords of the Fallen.
price ($mm)
$7.94
rev ($mm)
$6
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
Pages:  

Like DECA Games


read more

DECA Games

Lunar Great Wall Studios

Neopica BV

Ruffian Games

East Side Games

Deus Craft

Coatsink

Pipeworks Inc.

Neon Media IO

ZeniMax Media, Inc.

Heavy Iron Studios

Nanobit d.o.o.

Reflector Entertainment

GameOn App Inc.

Vertigo Games

Battlecamp AB

Sventertainment AB

freenet digital GmbH

Big Blue Bubble Inc

Leiyan Game

Pages:  
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DECA Games

Zombie Catchers

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Vertigo Games

Pow Wow Entertainment

Sola Media

Rare Earth Games GmbH

Vermila Studios

Palindrome Interactive

New World Interactive

4A Games

DECA Games

DESTINYbit

Saber Interactive

Voxler SAS

Tarsier Studios

read more

DECA Games

Lunar Great Wall Studios

Ruffian Games

Coatsink

Pipeworks Inc.

Neon Media IO

ZeniMax Media, Inc.

Heavy Iron Studios

Reflector Entertainment

freenet digital GmbH

Big Blue Bubble Inc

Rare Earth Games GmbH

Vermila Studios

Palindrome Interactive

Pow Wow Entertainment

Day1 Entertainment

KaraOkulta

Dynamic Pixels

Iceflake Studios Ltd.

DECK13 Interactive GmbH

Pages:  
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Vivendi SA
Vivendi SA
Vivendi is an integrated media and content group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content.
year
2020
rev ($mm)
$19,060.06
EBITDA ($mm)
$2,359.90
EBIT ($mm)
$1,886.97
Net Income ($mm)
$2,151.81
Employees
43900
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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: ATVI
 
 
 
 
 
 
 
 
Activision Blizzard
Activision Blizzard
Activision Blizzard, Inc., a member of the S&P 500, is the world's most successful standalone interactive entertainment company. Activision Blizzard develops and publishes games based on some of the most beloved entertainment franchises, including Call of Duty, Guitar Hero, and World of Warcraft.
year
2016
rev ($mm)
$5,946.00
EBITDA ($mm)
$1,893.00
EBIT ($mm)
$1,279.00
Net Income ($mm)
$872.00
Employees
7190
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Ticker: TSE:7974
 
 
 
 
 
 
 
 
Nintendo
Nintendo
Nintendo Co., Ltd. is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world's largest video game company by revenue.
year
2014
rev ($mm)
$5,578.09
EBITDA ($mm)
($356.18)
EBIT ($mm)
($452.95)
Net Income ($mm)
Employees
5213
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Ticker: NasdaqGS:EA
 
 
 
 
 
 
 
 
Electronic Arts Inc.
Electronic Arts Inc.
Electronic Arts (EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.
year
2018
rev ($mm)
$5,150.00
EBITDA ($mm)
$1,568.00
EBIT ($mm)
$1,434.00
Net Income ($mm)
$1,043.00
Employees
9300
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Ticker: KOSE:A035420
 
 
 
 
 
 
 
 
Naver Corporation
Naver Corporation
Naver Corporation is an Internet content service operator headquartered in Seongnam, South Korea. It operates the Naver search portal and Hangame gaming services. Its spinoff companies in Japan operate the Line messaging service in addition to offering Japanese versions of Naver and Hangame.
year
2018
rev ($mm)
$4,765.33
EBITDA ($mm)
$1,101.84
EBIT ($mm)
$908.72
Net Income ($mm)
$632.78
Employees
2346
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Ticker: TTWO
 
 
 
 
 
 
 
 
Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc.
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone.
year
2020
rev ($mm)
$3,379.82
EBITDA ($mm)
$544.28
EBIT ($mm)
$475.07
Net Income ($mm)
$446.68
Employees
5800
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Ticker: SGAMY
 
 
 
 
 
 
 
 
Sega Sammy Holdings Inc.
Sega Sammy Holdings Inc.
The SEGA SAMMY Group is involved in a wide range of business operations, encompassing Sammy’s pachislot and pachinko machine business; entertainment contents business focused on SEGA Group’s digital game business; and resort business, which is represented by the development and operation of hotels.
year
2019
rev ($mm)
$3,024.74
EBITDA ($mm)
$300.70
EBIT ($mm)
$110.24
Net Income ($mm)
$24.10
Employees
7726
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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:9684
 
 
 
 
 
 
 
 
Square Enix Co., Ltd.
Square Enix Co., Ltd.
The Square Enix Group publishes, distributes and licenses entertainment content around the world under its internationally renowned brands including SQUARE ENIX, EIDOS and TAITO. The Square Enix Group includes a global network of leading development studios in North America, Europe and Japan.
year
2017
rev ($mm)
$2,354.80
EBITDA ($mm)
$371.93
EBIT ($mm)
$315.82
Net Income ($mm)
$206.86
Employees
4078
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Ticker: KOSE:A0354
 
 
 
 
 
 
 
 
Naver {duplicate}
Naver {duplicate}
NAVER Corporation is Korea’s premier Internet company, operating the nation’s top search portal “Naver”, Korea’s first online children’s portal “Jr. Naver”, and the nation’s first online donation portal “Happybean”.
year
2013
rev ($mm)
$2,306.00
EBITDA ($mm)
$754.40
EBIT ($mm)
$657.00
Net Income ($mm)
$504.00
Employees
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Ticker: ENXTPA:UBI
 
 
 
 
 
 
 
 
Ubisoft Entertainment S.A.
Ubisoft Entertainment S.A.
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships.
year
2019
rev ($mm)
$1,959.78
EBITDA ($mm)
($11.18)
EBIT ($mm)
$138.09
Net Income ($mm)
Employees
15913
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Ticker: ZNGA
 
 
 
 
 
 
 
 
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.
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: KNM
 
 
 
 
 
 
 
 
Konami Corporation
Konami Corporation
Konami Corporation develops, publishes, markets, and distributes video game software products for stationary and portable consoles, as well as for use on personal computers. It operates in three segments: Digital Entertainment, Gaming & Systems, and Health & Fitness.
year
2012
rev ($mm)
$265,758.00
EBITDA ($mm)
$51,370.00
EBIT ($mm)
$41,292.00
Net Income ($mm)
$23,012.00
Employees
5362
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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: ATVI
 
 
 
 
 
 
 
 
Activision Blizzard
Activision Blizzard
Activision Blizzard, Inc., a member of the S&P 500, is the world's most successful standalone interactive entertainment company. Activision Blizzard develops and publishes games based on some of the most beloved entertainment franchises, including Call of Duty, Guitar Hero, and World of Warcraft.
year
2016
rev ($mm)
$5,946.00
EBITDA ($mm)
$1,893.00
EBIT ($mm)
$1,279.00
Net Income ($mm)
$872.00
Employees
7190
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Ticker: TSE:7974
 
 
 
 
 
 
 
 
Nintendo
Nintendo
Nintendo Co., Ltd. is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world's largest video game company by revenue.
year
2014
rev ($mm)
$5,578.09
EBITDA ($mm)
($356.18)
EBIT ($mm)
($452.95)
Net Income ($mm)
Employees
5213
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Ticker: NasdaqGS:EA
 
 
 
 
 
 
 
 
Electronic Arts Inc.
Electronic Arts Inc.
Electronic Arts (EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.
year
2018
rev ($mm)
$5,150.00
EBITDA ($mm)
$1,568.00
EBIT ($mm)
$1,434.00
Net Income ($mm)
$1,043.00
Employees
9300
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Ticker: TTWO
 
 
 
 
 
 
 
 
Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc.
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone.
year
2020
rev ($mm)
$3,379.82
EBITDA ($mm)
$544.28
EBIT ($mm)
$475.07
Net Income ($mm)
$446.68
Employees
5800
  • drill down
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Ticker: SGAMY
 
 
 
 
 
 
 
 
Sega Sammy Holdings Inc.
Sega Sammy Holdings Inc.
The SEGA SAMMY Group is involved in a wide range of business operations, encompassing Sammy’s pachislot and pachinko machine business; entertainment contents business focused on SEGA Group’s digital game business; and resort business, which is represented by the development and operation of hotels.
year
2019
rev ($mm)
$3,024.74
EBITDA ($mm)
$300.70
EBIT ($mm)
$110.24
Net Income ($mm)
$24.10
Employees
7726
  • drill down
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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: ENXTPA:UBI
 
 
 
 
 
 
 
 
Ubisoft Entertainment S.A.
Ubisoft Entertainment S.A.
Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through a strong and diversified line-up of products and partnerships.
year
2019
rev ($mm)
$1,959.78
EBITDA ($mm)
($11.18)
EBIT ($mm)
$138.09
Net Income ($mm)
Employees
15913
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Ticker: OM:EMBRAC B
 
 
 
 
 
 
 
 
Embracer Group
Embracer Group
Embracer Group is a Swedish video game holding company. Embracer Group is the parent company of THQ Nordic, Koch Media and Coffee Stain. The Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more.
year
2020
rev ($mm)
$791.62
EBITDA ($mm)
$193.26
EBIT ($mm)
$52.29
Net Income ($mm)
$36.27
Employees
2585
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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: 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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