Like Zen Studios

announced 11/18/2020 via PR Newswire

Saber Interactive, will acquire Zen Studios

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, will acquire Zen Studios, an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises and has collaborated with entertainment studios to develop virtual pinball tables based on pop culture.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Zen Studios
Zen Studios is an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises. The studio has collaborated with entertainment studios to develop virtual pinball tables based on pop culture films, characters and themes.
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closed 4/28/2021 via BNC Analysis

People Can Fly, acquired Phosphor Games

synopsis: People Can Fly (PCF), a leading AAA game development studio in Poland, has acquired Phosphor Games, a Chicago-based game developer. Phosphor is dedicated to creating games that provide players with whimsical and twisted experiences across a range of cutting edge platforms. Their titles include The Dark Meadow, Horn, Corpse of Discovery, and more.
buyer: People Can Fly (WSE:PCF:$27.35)
People Can Fly (PCF) is a leading AAA game development studio in Poland. PCF specializes in creating games in the shooter genre. The studio is known for titles such as Bulletstorm, Gears of War: Judgment, Bulletstorm: Full Clip, Painkiller, and Outriders. "
target: Phosphor Games
Phosphor Games is a Chicago-based game developer. Phosphor is dedicated to creating games that provide players with beautifully whimsical and twisted experiences across a range of cutting edge platforms and genres. Their titles include The Dark Meadow, Horn, Corpse of Discovery, and more.
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announced 4/28/2021 via BNC Analysis

Trophy Games, will acquire Xombat ApS

synopsis: Trophy Games Development A/S entered into an agreement with DKSHA ApS to acquire 100% of the shares in Xombat ApS. Xombat is a Danish game developer company building games for the three major platforms: Facebook, Android, and iOS, including popular titles such as Airline Manager and Shipping Manager.
buyer: Trophy Games (CPSE:TGAMES:$5.00)
TROPHY GAMES is an innovative, Denmark-based game studio that develops and publishes mobile and PC games. The Company develops and publishes games with strategy and management challenges and predominantly focuses on football-themed games. "
target: Xombat ApS
Xombat is a Danish game developer company building games for the three major platforms: Facebook, Android, and iOS. Xombat's portfolio includes popular titles such as Airline Manager and Shipping Manager.
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closed 4/22/2021 via gamesindustry.biz

Keywords Studios, acquired Climax Studios

synopsis: Keywords Studios, an international technical and creative services provider to the global video games industry, has acquired Climax Studios, an independent AAA games company in the UK. Climax Studios has developed games for some of the biggest names in the world. The studio has worked on titles such as Crackdown 3, Dirt Rally 2.0, and more.
buyer: Keywords Studios (AIM:KWS:$451.13)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target: Climax Studios
Climax Studios is an independent AAA games company in the UK. Climax Studios has developed games for some of the biggest names in the world, including Microsoft, Sony, Konami and 2K Games. The studio has worked on titles such as Crackdown 3, Dirt Rally 2.0, Silent Hill: Origins and more.
price ($mm)
$37
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announced 4/1/2021 via GlobeNewswire

Nacon, will acquire Passtech Games

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

CD Projekt RED, will acquire Digital Scapes

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

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

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

Playrix, acquired Boolat LLC

synopsis: Playrix has acquired Ukrainian-based Boolat Games. Boolat is a game development company formed in 2001, experienced in PC retail, PC casual, PlayStation®3 and social game development. Boolat’s portfolio has dozens of projects, including Lagsters, Topatoi, Harvest Land, and Decurse.
buyer: Playrix
Playrix is a mobile game development company founded in 2004. They focus on free-to-play games for smartphones and tablets. Their games, Township, Fishdom and Gardenscapes have consistently been among the Top 50 Grossing Apps for iOS and Google Play since their release. "
target: Boolat LLC
Boolat is a game development company formed in 2001, experienced in PC retail, PC casual, PlayStation®3 and social game development. Boolat’s portfolio has dozens of projects, including Lagsters, Topatoi, Harvest Land, and Decurse. They are based in Ukraine.
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closed 3/24/2021 via BusinessWire

Visual Concepts, purchased Game Division from HookBang

synopsis: 2K has acquired HookBang, LLC’s Austin-based video game division which will become part of Visual Concepts, the distinguished, wholly-owned studio and developer of the iconic NBA® 2K video game franchise.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Visual Concepts
Founded in 1988, Visual Concepts is the developer behind the 2K Sports games and the dominating success of the NBA 2K franchise. "
seller: HookBang
The acquisition includes HookBang, LLC’s Austin-based video game division. HookBang is a Creative Technology Studio that provides full-service software design and development for brands, agencies, and technology companies with hard problems.
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closed 3/18/2021 via gamesindustry.biz

Keywords Studios, acquired Tantalus Media

synopsis: Game services provider Keywords Studios has acquired a 85% interest in Tantalus Media, an Australian video game developer based in Australia. They were founded in 1994 and have worked on over 100 titles since, including Age of Empires, Cities Skylines, Mass Effect, and The Legend of Zelda: Twilight Princess.
buyer: Keywords Studios (AIM:KWS:$451.13)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target: Tantalus Media
Tantalus Media is an Australian video game developer based in Australia. They were founded in 1994 and have worked on over 100 titles since, including Age of Empires, Cities Skylines, Mass Effect, and The Legend of Zelda: Twilight Princess.
price ($mm)
$31
rev ($mm)
EBITDA ($mm)
$6
EV / rev
EV / EBITDA
7.8x
closed 3/3/2021 via BNC Analysis

Epic Games, acquired Tonic Games Group

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

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

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

Thunderful, will acquire Headup GmbH

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

Zordix AB, will acquire Just For Games SAS

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

Easybrain Ltd will be merged with Embracer Group,

synopsis: Embracer adds Easybrain, a leading mobile game developer with proven ability to launch, scale up and operate multiple global category leaders within the logic and puzzle game genre. Easybrain sees a great opportunity in being supported by Embracer to continue developing strong mobile game titles.
buyer: Embracer Group (OM:EMBRAC B:$1,087.82)
Based in Sweden, Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. Embracer Group has an extensive catalogue of over 200 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Metro, amongst many others."
target: Easybrain Ltd
Based in Belarus, Easybrain has developed numerous popular puzzle and logic game titles and is currently operating 15 live mobile game titles with a long lifetime, of which multiple games have become category leaders within its dedicated niche.
price ($mm)
$655
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closed 2/3/2021 via BNC Analysis

Aspyr Media merged with Saber Interactive,

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

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

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

Stillfront Group AB, will acquire Moonfrog Labs Pvt Ltd.

synopsis: Stillfront Group AB has entered into an agreement to acquire 100% of the shares in Moonfrog Labs Private Limited, a rapidly growing independent game studio based in Bangalore, India, focusing on Board and Social Card Games. Moonfrog has an extensive games portfolio including successful titles such as Ludo Club, Jalebi and Teen Patti Gold.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
target: Moonfrog Labs Pvt Ltd.
India-based Moonfrog Labs is a rapidly growing developer and publisher of market-leading Board and Social Card Games. The studio, which was founded in 2013, has an extensive games portfolio of more than 20 games, including successful titles such as Ludo Club, Jalebi and Teen Patti Gold.
price ($mm)
$90*
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announced 1/27/2021 via Company Press Release

Three Gates AB, will acquire Tableflip Entertainment AB

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

Nacon, will acquire Big Ant Studios

synopsis: Nacon announced the acquisition of Big Ant Studios, one of Australia's largest and oldest independent video game developers. The studio has developed games for legendary franchises such as Spyro the Dragon but is best known for its high quality sports franchises.
buyer: Nacon (ENXTPA:BIG:$179.92)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
target: Big Ant Studios
Founded in 2001, Big Ant is one of Australia's largest and oldest independent video game developers. The studio has developed games for legendary franchises such as Spyro the Dragon but is best known for its high quality sports franchises.
price ($mm)
$18
rev ($mm)
EBITDA ($mm)
EV / rev
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announced 11/18/2020 via PR Newswire

Saber Interactive, will acquire Zen Studios

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, will acquire Zen Studios, an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises and has collaborated with entertainment studios to develop virtual pinball tables based on pop culture.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Zen Studios
Zen Studios is an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises. The studio has collaborated with entertainment studios to develop virtual pinball tables based on pop culture films, characters and themes.
price ($mm)
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closed 2/3/2021 via BNC Analysis

Aspyr Media merged with Saber Interactive,

synopsis: Embracer Group, via its wholly owned subsidiary Saber Interactive, has acquired US-based developer Aspyr Media by merger. Aspyr Media is an American video game developer and publisher that has been behind games such as Civilization VI, Borderlands 2, Layers of Fear, Observer, Star Wars™ Jedi Knight: Jedi Academy™, Torn, Jade Empire, and InnerSpace.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Aspyr Media
Aspyr Media, Inc. is an American video game developer and publisher that has been behind games such as Civilization VI, Borderlands 2, Layers of Fear, Observer, Star Wars™ Jedi Knight: Jedi Academy™, Torn, Jade Empire, and InnerSpace.
price ($mm)
$101
rev ($mm)
$41
EBITDA ($mm)
EV / rev
11.2x
EV / EBITDA
announced 11/18/2020 via BNC Analysis

Saber Interactive, will acquire Nimble Giant Entertainment

synopsis: Embracer Group AB, through its wholly owned subsidiary Saber Interactive, has entered into an agreement to acquire 100 percent of the shares in Argentina-based Nimble Giant Entertainment ("NGE"). NGE is the leading Latin American PC and console game developer with a reputable team of 75 people.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Nimble Giant Entertainment
Argentina-based Nimble Giant Entertainment ("NGE") is the leading Latin American PC and console game developer with a reputable team of 75 people. NGE has produced more than 30 titles and owns IP games, with two of the most important titles being Champions of Regnum and Quantum League.
price ($mm)
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announced 11/18/2020 via PR Newswire

Saber Interactive, will acquire Zen Studios

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, will acquire Zen Studios, an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises and has collaborated with entertainment studios to develop virtual pinball tables based on pop culture.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Zen Studios
Zen Studios is an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises. The studio has collaborated with entertainment studios to develop virtual pinball tables based on pop culture films, characters and themes.
price ($mm)
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closed 11/18/2020 via Company Press Release

Saber Interactive, acquired 34BigThings srl

synopsis: Embracer Group AB, through its wholly owned subsidiary Saber Interactive, has entered into an agreement to acquire 100 percent of the shares in 34BigThings (“34BT”). 34BT is a game developer of premium games across PC, console and mobile devices. 34BT is renowned as the studio behind Redout, a futuristic racing game.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: 34BigThings srl
34BigThings, founded in 2013, is a developer of premium games for PC, console and mobile devices that has released 10 high-quality games including Super Inefficient Golf, Hyperdrive Massacre and multiple Redout titles, among others, 2019's Apple Arcade sensation Redout: Space Assault.
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announced 11/18/2020 via BNC Analysis

Saber Interactive, will acquire Snapshot Games Inc.

synopsis: Embracer Group will acquire 100 percent of the shares in Snapshot Games.  Snapshot Games will form a part of Embracer’s wholly owned subsidiary Saber Interactive. Snapshot Games, based in USA and Bulgaria, is the independent video game developer behind premium strategy title Phoenix Point.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Snapshot Games Inc.
Snapshot Games, based in USA and Bulgaria, is the independent video game developer behind premium strategy title Phoenix Point. The company is founded and led by industry visionary Julian Gollop, recognized as the creator of the X-COM franchise.
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announced 11/18/2020 via Company Press Release

Saber Interactive, will acquire Sandbox Strategies

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, will acquire Sandbox Strategies, LLC, a PR and influencer relations agency that specializes in gaming. Sandbox Strategies provides video game publishers and developers with comprehensive PR services and helps them to find the right influencers to play their games.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Sandbox Strategies
Sandbox Strategies is a PR and influencer relations agency that specializes in gaming and entertainment. Sandbox Strategies provides video game publishers and developers with comprehensive PR services and helps them to find the right influencers to play their games and engage their audience.
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closed 2/19/2020 via BNC Analysis

Embracer Group, acquired Saber Interactive

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:$1,087.82)
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Embracer Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
target: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content.
price ($mm)
$150
rev ($mm)
$105
EBITDA ($mm)
$62
EV / rev
5.0x
EV / EBITDA
8.5x
closed 10/23/2019 via gamesindustry.biz

Saber Interactive, acquired Bigmoon Entertainment

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, has acquired Bigmoon Entertainment, a video game developer in Portugal. Bigmoon Entertainment aims to develop the best games possible with immersive stories and innovative challenges. Their games include Dakar 18, Demons Age, Police Simulator: Patrol Duty, and more.
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Bigmoon Entertainment
Bigmoon Entertainment is a video game developer in Portugal. Bigmoon Entertainment aims to develop the best games possible with immersive stories, innovative challenges and great characters. Their games include Dakar 18, Demons Age, Syndrome, Police Simulator: Patrol Duty, and more.
price ($mm)
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closed 1/8/2018 via BNC Analysis

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

synopsis: Glu Mobile has sold its Moscow-based games development studio to US games company Saber Interactive. The office housed around 120 employees and they are all expected to keep their jobs under the new owner following the deal.
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
seller: Glu Mobile Inc. (GLUU:$540.52)
Originally acquired in 2008, Glu’s Moscow studio has focused on the development and live operations of shooter and action games including the Contract Killer, Frontline Commando, and Blood & Glory franchises. Glu Moscow also managed live operations for Deer Hunter 2017.
price ($mm)
$2.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/18/2020 via PR Newswire

Saber Interactive, will acquire Zen Studios

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, will acquire Zen Studios, an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises and has collaborated with entertainment studios to develop virtual pinball tables based on pop culture.
buyer parent: Embracer Group
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Zen Studios
Zen Studios is an independent video game developer and publisher in Hungary. Zen Studios is best known for their Pinball FX and Zen Pinball franchises. The studio has collaborated with entertainment studios to develop virtual pinball tables based on pop culture films, characters and themes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2021 via BNC Analysis

People Can Fly, acquired Phosphor Games

synopsis: People Can Fly (PCF), a leading AAA game development studio in Poland, has acquired Phosphor Games, a Chicago-based game developer. Phosphor is dedicated to creating games that provide players with whimsical and twisted experiences across a range of cutting edge platforms. Their titles include The Dark Meadow, Horn, Corpse of Discovery, and more.
buyer: People Can Fly (WSE:PCF:$27.35)
People Can Fly (PCF) is a leading AAA game development studio in Poland. PCF specializes in creating games in the shooter genre. The studio is known for titles such as Bulletstorm, Gears of War: Judgment, Bulletstorm: Full Clip, Painkiller, and Outriders. "
target: Phosphor Games
Phosphor Games is a Chicago-based game developer. Phosphor is dedicated to creating games that provide players with beautifully whimsical and twisted experiences across a range of cutting edge platforms and genres. Their titles include The Dark Meadow, Horn, Corpse of Discovery, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/28/2021 via BNC Analysis

Trophy Games, will acquire Xombat ApS

synopsis: Trophy Games Development A/S entered into an agreement with DKSHA ApS to acquire 100% of the shares in Xombat ApS. Xombat is a Danish game developer company building games for the three major platforms: Facebook, Android, and iOS, including popular titles such as Airline Manager and Shipping Manager.
buyer: Trophy Games (CPSE:TGAMES:$5.00)
TROPHY GAMES is an innovative, Denmark-based game studio that develops and publishes mobile and PC games. The Company develops and publishes games with strategy and management challenges and predominantly focuses on football-themed games. "
target: Xombat ApS
Xombat is a Danish game developer company building games for the three major platforms: Facebook, Android, and iOS. Xombat's portfolio includes popular titles such as Airline Manager and Shipping Manager.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2021 via gamesindustry.biz

Keywords Studios, acquired Climax Studios

synopsis: Keywords Studios, an international technical and creative services provider to the global video games industry, has acquired Climax Studios, an independent AAA games company in the UK. Climax Studios has developed games for some of the biggest names in the world. The studio has worked on titles such as Crackdown 3, Dirt Rally 2.0, and more.
buyer: Keywords Studios (AIM:KWS:$451.13)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target: Climax Studios
Climax Studios is an independent AAA games company in the UK. Climax Studios has developed games for some of the biggest names in the world, including Microsoft, Sony, Konami and 2K Games. The studio has worked on titles such as Crackdown 3, Dirt Rally 2.0, Silent Hill: Origins and more.
price ($mm)
$37
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/1/2021 via GlobeNewswire

Nacon, will acquire Passtech Games

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

CD Projekt RED, will acquire Digital Scapes

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

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

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

Playrix, acquired Boolat LLC

synopsis: Playrix has acquired Ukrainian-based Boolat Games. Boolat is a game development company formed in 2001, experienced in PC retail, PC casual, PlayStation®3 and social game development. Boolat’s portfolio has dozens of projects, including Lagsters, Topatoi, Harvest Land, and Decurse.
buyer: Playrix
Playrix is a mobile game development company founded in 2004. They focus on free-to-play games for smartphones and tablets. Their games, Township, Fishdom and Gardenscapes have consistently been among the Top 50 Grossing Apps for iOS and Google Play since their release. "
target: Boolat LLC
Boolat is a game development company formed in 2001, experienced in PC retail, PC casual, PlayStation®3 and social game development. Boolat’s portfolio has dozens of projects, including Lagsters, Topatoi, Harvest Land, and Decurse. They are based in Ukraine.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2021 via BusinessWire

Visual Concepts, purchased Game Division from HookBang

synopsis: 2K has acquired HookBang, LLC’s Austin-based video game division which will become part of Visual Concepts, the distinguished, wholly-owned studio and developer of the iconic NBA® 2K video game franchise.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Visual Concepts
Founded in 1988, Visual Concepts is the developer behind the 2K Sports games and the dominating success of the NBA 2K franchise. "
seller: HookBang
The acquisition includes HookBang, LLC’s Austin-based video game division. HookBang is a Creative Technology Studio that provides full-service software design and development for brands, agencies, and technology companies with hard problems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2021 via gamesindustry.biz

Keywords Studios, acquired Tantalus Media

synopsis: Game services provider Keywords Studios has acquired a 85% interest in Tantalus Media, an Australian video game developer based in Australia. They were founded in 1994 and have worked on over 100 titles since, including Age of Empires, Cities Skylines, Mass Effect, and The Legend of Zelda: Twilight Princess.
buyer: Keywords Studios (AIM:KWS:$451.13)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target: Tantalus Media
Tantalus Media is an Australian video game developer based in Australia. They were founded in 1994 and have worked on over 100 titles since, including Age of Empires, Cities Skylines, Mass Effect, and The Legend of Zelda: Twilight Princess.
price ($mm)
$31
rev ($mm)
EBITDA ($mm)
$6
EV / rev
EV / EBITDA
7.8x
closed 3/3/2021 via BNC Analysis

Epic Games, acquired Tonic Games Group

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

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

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

Thunderful, will acquire Headup GmbH

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

Zordix AB, will acquire Just For Games SAS

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

Easybrain Ltd will be merged with Embracer Group,

synopsis: Embracer adds Easybrain, a leading mobile game developer with proven ability to launch, scale up and operate multiple global category leaders within the logic and puzzle game genre. Easybrain sees a great opportunity in being supported by Embracer to continue developing strong mobile game titles.
buyer: Embracer Group (OM:EMBRAC B:$1,087.82)
Based in Sweden, Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. Embracer Group has an extensive catalogue of over 200 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Metro, amongst many others."
target: Easybrain Ltd
Based in Belarus, Easybrain has developed numerous popular puzzle and logic game titles and is currently operating 15 live mobile game titles with a long lifetime, of which multiple games have become category leaders within its dedicated niche.
price ($mm)
$655
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2021 via BNC Analysis

Aspyr Media merged with Saber Interactive,

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

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

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

Stillfront Group AB, will acquire Moonfrog Labs Pvt Ltd.

synopsis: Stillfront Group AB has entered into an agreement to acquire 100% of the shares in Moonfrog Labs Private Limited, a rapidly growing independent game studio based in Bangalore, India, focusing on Board and Social Card Games. Moonfrog has an extensive games portfolio including successful titles such as Ludo Club, Jalebi and Teen Patti Gold.
buyer: Stillfront Group AB (OM:SF:$448.48)
Headquartered in Sweden, Stillfront Group is a leading free-to-play powerhouse of gaming studios. Its diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. "
target: Moonfrog Labs Pvt Ltd.
India-based Moonfrog Labs is a rapidly growing developer and publisher of market-leading Board and Social Card Games. The studio, which was founded in 2013, has an extensive games portfolio of more than 20 games, including successful titles such as Ludo Club, Jalebi and Teen Patti Gold.
price ($mm)
$90*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/27/2021 via Company Press Release

Three Gates AB, will acquire Tableflip Entertainment AB

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

Nacon, will acquire Big Ant Studios

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

Like Zen Studios


read more

Zen Studios

Phosphor Games

Xombat ApS

Climax Studios

Passtech Games

Digital Scapes

Moonton Technology Co., Ltd.

Boolat LLC

HookBang

Tantalus Media

Tonic Games Group

Innova Intellectual Properties S.à r.l.

Headup GmbH

Just For Games SAS

Easybrain Ltd

Aspyr Media

PixelAnt Games sp. z o. o.

Moonfrog Labs Pvt Ltd.

Tableflip Entertainment AB

Big Ant Studios

read more

Zen Studios

read more

Aspyr Media

Nimble Giant Entertainment

Zen Studios

34BigThings srl

Snapshot Games Inc.

Sandbox Strategies

Saber Interactive

Bigmoon Entertainment

Glu Mobile Inc.

read more

Zen Studios

Phosphor Games

Xombat ApS

Climax Studios

Passtech Games

Digital Scapes

Moonton Technology Co., Ltd.

Boolat LLC

HookBang

Tantalus Media

Tonic Games Group

Innova Intellectual Properties S.à r.l.

Headup GmbH

Just For Games SAS

Easybrain Ltd

Aspyr Media

PixelAnt Games sp. z o. o.

Moonfrog Labs Pvt Ltd.

Tableflip Entertainment AB

Big Ant Studios

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2017
rev ($mm)
$615.68
EBITDA ($mm)
$29.42
EBIT ($mm)
($7.39)
Net Income ($mm)
Employees
6446
  • drill down
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Ticker: NasdaqGS:BILI
 
 
 
 
 
 
 
 
Bilibili Inc.
Bilibili Inc.
Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
year
2018
rev ($mm)
$537.71
EBITDA ($mm)
($23.79)
EBIT ($mm)
($72.85)
Net Income ($mm)
Employees
1903
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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)
$70,260.21
EBITDA ($mm)
$25,367.11
EBIT ($mm)
$18,437.35
Net Income ($mm)
$18,893.41
Employees
77592
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Ticker: TSE:7974
 
 
 
 
 
 
 
 
Nintendo
Nintendo
Nintendo Co., Ltd. is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world's largest video game company by revenue.
year
2020
rev ($mm)
$15,905.43
EBITDA ($mm)
$5,443.81
EBIT ($mm)
$5,349.32
Net Income ($mm)
$3,988.30
Employees
6200
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Ticker: NTES
 
 
 
 
 
 
 
 
NetEase, Inc.
NetEase, Inc.
NetEase, Inc. is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops some of China’s most popular PC-client and mobile games, e-commerce businesses, advertising and e-mail services.
year
2019
rev ($mm)
$10,750.03
EBITDA ($mm)
$1,998.42
EBIT ($mm)
$1,637.88
Net Income ($mm)
$1,273.77
Employees
23687
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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: 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
2021
rev ($mm)
$5,629.00
EBITDA ($mm)
$1,227.00
EBIT ($mm)
$1,046.00
Net Income ($mm)
$837.00
Employees
9800
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Ticker: TTWO
 
 
 
 
 
 
 
 
Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc.
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone.
year
2020
rev ($mm)
$3,293.88
EBITDA ($mm)
$602.90
EBIT ($mm)
$522.71
Net Income ($mm)
$492.80
Employees
5800
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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: KOSE:A251270
 
 
 
 
 
 
 
 
Netmarble
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide.
year
2020
rev ($mm)
$2,172.96
EBITDA ($mm)
$316.20
EBIT ($mm)
$216.44
Net Income ($mm)
$190.45
Employees
0
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Ticker: 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)
$1,087.82
EBITDA ($mm)
$269.84
EBIT ($mm)
$32.75
Net Income ($mm)
$31.35
Employees
4150
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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
  • drill down
  • watch
Ticker: NasdaqGS:BILI
 
 
 
 
 
 
 
 
Bilibili Inc.
Bilibili Inc.
Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
year
2018
rev ($mm)
$537.71
EBITDA ($mm)
($23.79)
EBIT ($mm)
($72.85)
Net Income ($mm)
Employees
1903
  • drill down
  • watch