Like Nordeus Limited

closed 6/2/2021 via BusinessWire

Take-Two Interactive Software, Inc., acquired Nordeus Limited

synopsis: Take-Two Interactive Software, Inc. has acquired privately-held Nordeus, a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. "
target: Nordeus Limited
Founded in 2010, Nordeus is a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
price ($mm)
$215*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/20/2021 via BusinessWire

Jam City, will acquire Ludia, Inc.

synopsis: Jam City, a leader in mobile entertainment, is to acquire Montreal-based Ludia from FremantleMedia Canada Inc. Ludia is one of Canada's leading mobile video game companies. Its portfolio includes original games based on internationally recognized brands such as Jurassic World Alive, Lovelink, Teenage Mutant Ninja Turtles: Legends and much more.
buyer: Jam City
Jam City is a leader in mobile entertainment, providing unique and deeply engaging games that appeal to broad global audiences. Jam City has studios in Los Angeles (HQ), Burbank, San Francisco, San Diego, Bogotá, Toronto, Buenos Aires, and Berlin. "
target parent: Bertelsmann SE & Co. KGaA
target: Ludia, Inc.
Ludia Inc. is one of Canada's leading mobile video game companies. Its high-quality portfolio includes original games based on internationally recognized brands such as Jurassic World Alive, Warriors of Waterdeep, Lovelink, Teenage Mutant Ninja Turtles: Legends and much more.
price ($mm)
$175
rev ($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
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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 $4 billion, two sources told Reuters.
buyer parent: ByteDance
buyer: Nuverse (Hong Kong) Ltd
Nuverse, based in Hong Kong, is a game development and publishing company for players and developers around the world. They are dedicated to serving gamers worldwide by offering top-tier games, building a global community, and providing fun and inspiring experiences for every gamer. "
target: Moonton Technology Co., Ltd.
Moonton, based in Shanghai, is a mobile game designer that aims to provide the best mobile game experience to the players all over the world. Founded in 2014, Shanghai Moonton Technology Co., Ltd. (MOONTON) specializes in R&D and distribution of games to other countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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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 2/3/2021 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:$1,094.55)
Based in Sweden, Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. Embracer Group has an extensive catalogue of over 200 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Metro, amongst many others."
target: Easybrain Ltd
Based in Belarus, Easybrain has developed numerous popular puzzle and logic game titles and is currently operating 15 live mobile game titles with a long lifetime, of which multiple games have become category leaders within its dedicated niche.
price ($mm)
$655
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/1/2021 via Company Press Release

Stillfront Group AB, will acquire Moonfrog Labs Pvt Ltd.

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

Miniclip, acquired Gamebasics Studio

synopsis: Miniclip, a world leader of market-defining mobile titles, announced the acquisition of Gamebasics, developer of the successful franchise OSM (Online Soccer Manager). OSM was first launched in 2004 and since then has grown to become a leading soccer management game.
buyer parent: Tencent Holdings Ltd.
buyer: Miniclip
Miniclip, based in Switzerland, is a global leader in digital games with a mission of unleashing the gamer in everyone. The Company develops, publishes and distributes highly engaging games to an audience of over 200 million monthly active users across mobile, social and online platforms. "
target: Gamebasics Studio
Gamebasics has become one of the leading mobile game studios in the Netherlands. Serving over 3 million monthly users with the worldwide game Online Soccer Manager (OSM), they are dedicated to the growth of the company and their people, whilst creating those fun moments in a gamer’s day.
price ($mm)
rev ($mm)
EBITDA ($mm)
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announced 11/25/2020 via BNC Analysis

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

synopsis: Kongregate, a leading game publisher and web gaming portal, announced that it is taking over operations of three Disney mobile games: Maleficent Free Fall, Inside Out: Thought Bubbles, and Where’s My Water? 2.
buyer parent: Modern Times Group MTG AB
buyer: Kongregate Inc.
Kongregate is a leading game publisher and web gaming portal. Kongregate’s mobile games have been downloaded tens of millions of times and have hundreds of millions of gameplays. Kongregate's web portal features over 100,000 free games played by tens of millions of players per month. "
seller: The Walt Disney Company (DIS:$60,760.00)
The acquisition includes three Disney mobile games: Maleficent Free Fall, Inside Out: Thought Bubbles, and Where’s My Water? 2. The three free-to-play games have combined for over 224 million downloads.
price ($mm)
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announced 8/28/2020 via Company Press Release

Media and Games Invest plc, will acquire freenet digital GmbH

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:$164.02)
Media and Games Invest plc (MGI) is a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies. The MGI portfolio companies are growing via acquisitions plus organic growth and new technologies. "
target parent: Freenet AG
target: freenet digital GmbH
Founded in 2000, freenet digital is a leading global provider of next generation entertainment content and services for the digital consumer and known for developing exciting new products and services that deliver a seamless experience via web or wireless connection.
price ($mm)
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closed 12/7/2020 via GlobeNewswire

Enad Global 7 AB, acquired Big Blue Bubble Inc

synopsis: Enad Global 7 AB, a family of companies that develops, markets, publishes and distributes video games, has acquired Big Blue Bubble, an established video game developer that creates fun, innovative, and accessible titles. Big Blue Bubble has developed over 100 games under it's own IP and in partnership with leading brands.
buyer: Enad Global 7 AB (OM:EG7:$78.25)
EG7 (Enad Global 7) is a family of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 100+ game developers and develops its own original IP:s. "
target: Big Blue Bubble Inc
Big Blue Bubble is a gaming industry mainstay that has released more than 100 titles; its own IP as well as in partnership with world-class brands such as Disney, DreamWorks, Scholastic, and Nickelodeon. My Singing Monsters is one of the studio’s award-winning free-to-play (F2P) game franchises.
price ($mm)
$12
rev ($mm)
$9
EBITDA ($mm)
$3
EV / rev
6.3x
EV / EBITDA
21.7x
closed 8/14/2020 via BNC Analysis

Embracer Group, acquired DECA Games

synopsis: Embracer Group has acquired mobile specialist DECA Games; the company has a particular interest in live operations and free-to-play titles. They are the current owners and developers of the massively multiplayer online shooter Realm of the Mad God.
buyer: Embracer Group (OM:EMBRAC B:$1,094.55)
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Embracer Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more. "
target: DECA Games
DECA Games is a publisher and developer of video games that is headquartered in Berlin, Germany. The company's primary focus is on acquiring and operating older free-to-play games. They are the current owners and developers of the massively multiplayer online shooter Realm of the Mad God.
price ($mm)[EV]
$29 [$33]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2020 via BNC Analysis

Sambon Electronics Co.,Ltd, acquired Day1 Entertainment

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 7/2/2020 via BusinessWire

Zynga, Inc., acquired Peak Games

synopsis: Zynga Inc., a global leader in interactive entertainment, has acquired Peak, one of the most globally successful mobile gaming companies. Peak currently has two top charting mobile franchises -- Toon Blast and Toy Blast.
buyer: Zynga, Inc. (ZNGA:$2,251.30)
Zynga is an American video game developer running social video game services since 2007. The company develops social games that work stand-alone on mobile phone platforms such as Apple iOS, Android, Windows Phone and on the Internet through its website, Zynga.com, and social networking websites. "
target: Peak Games
Peak is a leading mobile gaming company powered by a team that values relentless progress. Peak currently has two top charting mobile franchises -- Toon Blast and Toy Blast -- that have consistently ranked within the top 10 and top 20 U.S. Peak, founded in 2010, is based in Istanbul, Turkey.
price ($mm)
$1,800
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/27/2020 via BNC Analysis

CRIWARE, will acquire R-Force Entertainment Inc.

synopsis: CRI Middleware Co., Ltd. (CRIWARE), a Japan-based company that provides middleware to the video game industry, will acquire R-Force Entertainment, a Japanese video game developer that specializes in mobile games. R-Force Entertainment's catalogue of games include Boyfriend Glitter Note, MASS FOR THE DEAD, Panel Wakusei, and more.
buyer: CRIWARE (TSE:3698:$17.17)
Founded in 1983, CRI Middleware Co., Ltd. (CRIWARE) is a Japan-based company that provides middleware to the video game industry. CRIWARE's middlware consists of audio and video solutions that can be integrated with popular game engines such as Unity, Unreal Engine and Cocos2d-x. "
target: R-Force Entertainment Inc.
R-Force Entertainment is a Japanese video game developer that specializes in mobile games. R-Force Entertainment has worked on over 300 games for major publishers in Japan. Their catalogue of games include Boyfriend Glitter Note, MASS FOR THE DEAD, Panel Wakusei, and more.
price ($mm)
$2.38
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.6x
EV / EBITDA
closed 5/21/2020 via Company Press Release

Amplifier Game Invest, acquired DESTINYbit

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)
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closed 5/6/2020 via BNC Analysis

Modern Games Inc., acquired Beasts of Balance

synopsis: Modern Games, a new studio working to create games that combine physical and digital play, has acquired Beasts of Balance from Sensible Object. Beasts of Balance is a game that involves stacking physical animal pieces, while also scanning them into a companion app that keeps score and brings their fantastical skills to life.
buyer: Modern Games Inc.
Modern Games is a new studio working to create games that combine physical and digital play. Other Modern Games titles will be purely physical board and card games, released under its Modern Games brand. They are based in Los Angeles, California. "
target parent: Niantic, Inc.
target: Beasts of Balance
First released by Sensible Object in 2016, Beasts of Balance is a game that involves stacking physical animal pieces, while also scanning them into a companion app that keeps score and brings their fantastical skills to life.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/29/2020 via Yahoo, Inc.

7Road, will acquire LOCOJOY Inc.

synopsis: 7Road, a top developer and an international distributor of web games and mobile games, is to acquire LOCOJOY Inc., a company that engages in developing games across iOS, Android, and Flash in Chinese, English, Japanese, Korean, Spanish, and Arabic, among others. Both companies are based in China.
buyer: 7Road (SEHK:797:$28.64)
Founded in 2008 and headquartered in Shenzhen's NanShan Science and Technology Park, 7Road is a top developer and an international distributor of web games and mobile games. As a pioneer in expanding the global gaming market, 7Road is the top 1 grossing company in the browser game market. "
target: LOCOJOY Inc.
LOCOJOY Inc. engages in developing games across iOS, Android, and Flash in Chinese, English, Japanese, Korean, Spanish, and Arabic, among others. The company was founded in 2011 and is based in Beijing, China.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 4/22/2020 via BNC Analysis

My.Games, acquired BeInGame Limited

synopsis: My.Games, a Moscow-based video game company that creates and publishes games all over the world, has acquired BeInGame, the developers of Zero City, an online simulator game that features a refuge populated with survivors. BeInGame is based in Cyprus.
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: BeInGame Limited
BeInGame are the developers of Zero City, an online simulator game that features a refuge populated with survivors. The goal is to create the mightiest squad, develop a base, and raise up new survivors to oppose other players and various infected mobs that inhabit nearby areas.
price ($mm)
$4.16*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2020 via gamesindustry.biz

Miniclip, acquired EightPixelsSquare

synopsis: Swiss mobile developer and publisher Miniclip has acquired Eight Pixels Square, an independent mobile free-to-play studio based in Derby, UK. With the acquisition of Eight Pixels Square, Miniclip has procured an experienced resource base that can expand its offering into the mobile shooter genre.
buyer parent: Tencent Holdings Ltd.
buyer: Miniclip
Based in Switzerland, Miniclip is a global leader in digital games. The company develops, publishes and distributes highly engaging games to an audience of 150 million monthly active users, across mobile, social and online platforms. "
target parent: Outplay Entertainment Ltd.
target: EightPixelsSquare
EightPixelsSquare is an independent mobile free-to-play studio based in Derby, UK. The company was founded to create engaging and high quality free-to-play mobile games. The studio comprises of 40 industry veterans, averaging 17 years in games and technology development.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/2/2021 via BusinessWire

Take-Two Interactive Software, Inc., acquired Nordeus Limited

synopsis: Take-Two Interactive Software, Inc. has acquired privately-held Nordeus, a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. "
target: Nordeus Limited
Founded in 2010, Nordeus is a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
price ($mm)
$215*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/2/2021 via BusinessWire

Take-Two Interactive Software, Inc., acquired Dynamixyz

synopsis: Take-Two Interactive Software, Inc. has acquired privately-held Dynamixyz, a world-class leader in video-based facial animation services. They own and operate a suite of leading-edge, proprietary motion capture, facial-analysis, and full 3D processing tools and technology that combines computer graphics, computer vision, and machine learning
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. "
target: Dynamixyz
Dynamixyz is a world-class leader in video-based facial animation services. They own and operate a suite of leading-edge, proprietary motion capture, facial-analysis, and full 3D processing tools and technology that combines computer graphics, computer vision, and machine learning
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/2/2021 via BusinessWire

Take-Two Interactive Software, Inc., acquired Nordeus Limited

synopsis: Take-Two Interactive Software, Inc. has acquired privately-held Nordeus, a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. "
target: Nordeus Limited
Founded in 2010, Nordeus is a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
price ($mm)
$215*
rev ($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)
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announced 3/17/2021 via BNC Analysis

2K Games, will acquire HB Studios

synopsis: 2K, a company that develops and publishes interactive entertainment software games for the console, PC, and handheld gaming systems, will acquire HB Studios, a Canadian video game developer based in Lunenburg, Nova Scotia. It is best known for its rugby and cricket games.
buyer parent: Take-Two Interactive Software, Inc.
buyer: 2K Games
2K develops and publishes interactive entertainment software games for the console, PC, and handheld gaming systems. 2K publishes titles in today’s most popular gaming genres, including shooters, action, role-playing, strategy, sports, casual, and family entertainment. "
target: HB Studios
HB Studios Multimedia Limited is a Canadian video game developer based in Lunenburg, Nova Scotia. It is best known for its rugby and cricket games.
price ($mm)
rev ($mm)
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announced 11/10/2020 via BusinessWire

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

synopsis: Take-Two Interactive Software, Inc. is to acquire Codemasters, an award-winning British video game developer and publisher with over 30 years of heritage. The company specializes in high quality racing games including DiRT, GRID and the BAFTA award-winning official F1® series of videogames.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. "
target: Codemasters (AIM:CDM:$156.91)
Codemasters is an award-winning British video game developer and publisher with over 30 years of heritage. The company specializes in high quality racing games including DiRT, GRID and the BAFTA award-winning official F1® series of videogames.
price ($mm)[EV]
$964 [$934]
rev ($mm)
$99
EBITDA ($mm)
$28
EV / rev
9.4x
EV / EBITDA
33.9x
closed 10/14/2020 via BusinessWire

Rockstar Games, acquired Ruffian Games

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)
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announced 8/18/2020 via BusinessWire

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

synopsis: Take-Two Interactive Software, Inc. announced that it has entered into a definitive agreement to acquire privately-held Playdots, Inc., a company that builds mobile games with unique and thoughtful designs. The studio has created three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded over 100 million times.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. "
target: Dots
Founded in 2013 and based in New York City, Playdots builds mobile games with unique and thoughtful designs. The studio has created three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded over 100 million times.
price ($mm)
$192
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2019 via gamesindustry.biz

Rockstar Games, acquired Dhruva Interactive

synopsis: Rockstar Games, an American video game publisher, has acquired a 91.82% stake in Dhruva Interactive from Starbreeze, a Swedish creator, publisher and distributor of high quality entertainment products. Dhruva is India's leading game developer, providing art production services to the global games industry.
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 parent: Starbreeze AB
target: Dhruva Interactive
Founded in 1997, Dhruva is India's leading game developer, providing art production services to the global games industry. Dhruva's core business is providing game content creation services across various platforms and genres. Dhruva also has a game development team focused on serious gaming.
price ($mm)
$7.90*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/31/2017 via BusinessWire

Take-Two Interactive Software, Inc., acquired Kerbal Space Program

synopsis: Take-Two Interactive Software, Inc., a leading developer, publisher and marketer of interactive entertainment for consumers around the globe, announced that it has acquired Kerbal Space Program, the critically acclaimed physics-based space simulation game.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. "
target parent: Squad
target: Kerbal Space Program
Kerbal Space Program is a space flight simulation video game released in 2015. In Kerbal Space Program, players must build a space-worthy craft, capable of flying its crew of lovable humanoid Kerbals into space, while keeping them alive.
price ($mm)
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closed 2/1/2017 via BusinessWire

Take-Two Interactive Software, Inc., acquired Social Point S.L.

synopsis: Take-Two Interactive Software, Inc. announced that it has acquired privately-held Social Point S.L. Founded in 2008 and headquartered in Barcelona, Spain, Social Point is a highly-successful free-to-play mobile game developer that focuses on delivering high-quality, deeply-engaging entertainment experiences.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. "
target: Social Point S.L.
Headquartered in Barcelona, Social Point is a free-to-play mobile game developer that focuses on delivering high-quality, deeply-engaging entertainment experiences. The company's most successful games, Dragon City and Monster Legends, have been downloaded more than 180 million times.
price ($mm)
$250
rev ($mm)
$91
EBITDA ($mm)
$20
EV / rev
3.0x
EV / EBITDA
13.9x
closed 4/4/2008 via BusinessWire

Rockstar Games, acquired Mad Doc Software

synopsis: Rockstar Games, a publishing label of Take-Two Interactive Software, Inc. announced the formation of Rockstar New England through the acquisition of substantially all of the assets of Andover, MA-based Mad Doc Software, one of the premier independent development studios in North America.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Rockstar Games
The Rockstar Games label was founded in 1998 to create the most innovative and progressive interactive entertainment. It is a wholly owned subsidiary of Take-Two Interactive Software, Inc. "
target: Mad Doc Software
Mad Doc Software has led development on and provided contracting services for triple-A titles, with a particular focus on artificial intelligence and networking. The studio most recently worked with Rockstar Games on the Xbox 360 version of the critically acclaimed Bully: Scholarship Edition.
price ($mm)
$5.90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2008 via BusinessWire

Take-Two Interactive Software, Inc., acquired Illusion Softworks

synopsis: Take-Two Interactive Software, Inc. announced the acquisition of Illusion Softworks, a premier Central European-based game development studio with operations in Brno and Prague, the Czech Republic. Illusion Softworks has approximately 200 employees and will join Take-Two’s 2K Games publishing label as its newest studio, 2K Czech.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone. "
target: Illusion Softworks
Illusion Softworks is a Czech-owned company based in Brno. It is the most successful computer game developer in the Central European region and its games compete with the largest and most successful studios worldwide.The Company’s main focus is on realistic action games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/9/2006 via BusinessWire

Take-Two Interactive Software, Inc., acquired Irrational Games

synopsis: Take-Two Interactive Software, Inc. today announced the acquisition of Irrational Games, the award-winning development studio behind such titles as System Shock 2 and Freedom Force. Irrational Games joins the team of development studios under Take-Two's 2K Games publishing label.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone. "
target: Irrational Games
IRRATIONAL GAMES is the award winning developer of System Shock II and Freedom Force. Irrational Games has studios in Boston, MA and Canberra, Australia comprised of dedicated designers, programmers, artists and business facilitators.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/7/2005 via

Take-Two Interactive Software, Inc., acquired Firaxis Games

synopsis: Take-Two Interactive Software, Inc. today announced the acquisition of Firaxis Games(TM), one of the world's premier game development studios. Firaxis Games joins the 2K Games publishing label of Take-Two Interactive.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone. "
target: Firaxis Games
Firaxis is an independent game design studio with an unwavering mission to "build games that stand the test of time". President, and CEO, Jeff Briggs, "Firaxis" is a fusion of "fiery" and "axis", communicating the company's dynamic process of game development and creation of visionary products.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2004 via Reuters

Take-Two Interactive Software, Inc., acquired Mobius Entertainment Ltd.

synopsis: Video game publisher Take-Two Interactive Software Inc. (TTWO) on Thursday said it has acquired British game developer Mobius Entertainment Ltd., which specializes in games for handheld platforms.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Take-Two Interactive Software develops and distributes games for PCs, as well as for Sony PlayStation, Nintendo, and SEGA game consoles. The company has distribution operations in Australia, North America, Europe, Scandinavia, and the UK. Other titles include Fly!, Earthworm Jim 3-D, and Darkstone. "
target: Mobius Entertainment Ltd.
Mobius Entertainment Ltd. specializes in games for handheld platforms.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/2/2021 via BusinessWire

Take-Two Interactive Software, Inc., acquired Nordeus Limited

synopsis: Take-Two Interactive Software, Inc. has acquired privately-held Nordeus, a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
buyer: Take-Two Interactive Software, Inc. (TTWO:$3,372.77)
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. "
target: Nordeus Limited
Founded in 2010, Nordeus is a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users.
price ($mm)
$215*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/2/2021 via GlobeNewswire

Nacon, acquired crea-ture Studios

synopsis: Nacon, a French video game company, is acquiring crea-ture Studios, an independent video game studio in the Montréal area dedicated in bringing original IP’s to niche markets. They are the developer of Session, a skateboarding video game for Windows, Xbox and Playstation.
buyer: Nacon (ENXTPA:BIG:$211.35)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
target: crea-ture Studios
crea-ture Studios is an independent videogame studio in the Montréal area dedicated in bringing original IP’s to niche markets. They are the developer of Session, a skateboarding video game for Windows, Xbox and Playstation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2021 via Company Press Release

Animoca Brands, acquired Blowfish Studios

synopsis: Animoca Brands, a mobile game developer in Hong Kong, has acquired Blowfish Studios, an independent game development and publishing studio in Australia. Blowfish creates best-in-class interactive experiences that focus on high-end 3D visuals and creative gameplay. Their titles include Blackwind, Base One, KungFu Kickball, and more.
buyer: Animoca Brands (ASX:AB1:$8.69)
Hong Kong-based Animoca Brands leverages gamification, blockchain, and AI technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox and Crazy Kings as well as products based on popular intellectual properties such as Garfield and Thomas & Friends. "
target: Blowfish Studios
Blowfish Studios is an an independent game development and publishing studio in Australia. Blowfish creates best-in-class interactive experiences that focus on high-end 3D visuals and creative gameplay. Their titles include Blackwind, Base One, KungFu Kickball, and more.
price ($mm)
$6.63
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/22/2021 via gamesindustry.biz

Tencent Holdings Ltd., acquired Stunlock Studios

synopsis: Tencent has announced it has taken a majority stake in Stunlock Studios. Founded in Skövde in 2010, Stunlock Studios is a Swedish game developer that has developed titles such as Bloodline Champions, Dead Island: Epidemic, and most recently Battlerite Royale.
buyer: Tencent Holdings Ltd. (SEHK:700:$78,710.17)
Tencent uses technology to enrich the lives of Internet users. Their communications and social platforms connect users to each other, as well as to digital content and services such as games, video, music and literature. Their infrastructure services create differentiated offerings. "
target: Stunlock Studios
Founded in Skövde in 2010, Stunlock Studios is a Swedish game developer that has developed titles such as Bloodline Champions, Dead Island: Epidemic, and most recently Battlerite Royale.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2021 via Company Press Release

Sony Interactive Entertainment LLC, acquired Nixxes Software B.V.

synopsis: Sony Interactive Entertainment (“SIE”) announced that SIE has completed the acquisition of Nixxes Software B.V., an industry-leading Dutch studio with more than 20 years of experience in game development and optimization. Based in Utrecht, Netherlands, Nixxes will join PlayStation Studios Technology, Creative & Services Group.
buyer parent: Sony Corporation
buyer: Sony Interactive Entertainment LLC
Recognized as a global leader in interactive and digital entertainment, Sony Interactive Entertainment is responsible for the PlayStation® brand and family of products and services. PlayStation has delivered innovation to the market since the launch of the original PlayStation in Japan in 1994. "
target: Nixxes Software B.V.
Nixxes Software B.V. is an industry-leading Dutch studio with more than 20 years of experience in game development and optimization. Nixxes is regarded for their work on handling PC Ports for Crystal Dynamics, IO Interactive and Eidos Interactive.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/30/2021 via BusinessWire

Sony Interactive Entertainment LLC, acquired Housemarque

synopsis: Sony Interactive Entertainment, a global leader in interactive and digital entertainment, has acquired Housemarque, a video game development studio in Finland. Housemarque develops top-notch games with a focus on tight gameplay, impeccable audiovisual execution, and technical excellence. Their titles include Returnal, Nex Machina, Resogun and more.
buyer parent: Sony Corporation
buyer: Sony Interactive Entertainment LLC
Recognized as a global leader in interactive and digital entertainment, Sony Interactive Entertainment is responsible for the PlayStation® brand and family of products and services. PlayStation has delivered innovation to the market since the launch of the original PlayStation in Japan in 1994. "
target: Housemarque
Housemarque is a video game development studio in Finland. Housemarque develops top-notch games with a focus on tight gameplay, impeccable audiovisual execution, and technical excellence. Their titles include Returnal, Nex Machina, Matterfall, Resogun, Outland, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2021 via gamesindustry.biz

Facebook, acquired Unit 2 Games

synopsis: Facebook has acquired Unit 2 Games, an award-winning 40 person independent games studio based in Leamington Spa, UK. They are the developer behind free-to-play game creation and sharing tool Crayta. They plan to integrate Crayta’s creation toolset into Facebook Gaming’s cloud platform.
buyer: Facebook (FB:$94,399.00)
Facebook is a social utility that helps people better understand the world around them. Facebook develops technologies that facilitate the spread of information through social networks allowing people to share information online the same way they do in the real world. "
target: Unit 2 Games
Unit 2 Games is an award-winning 40 person independent games studio based in Leamington Spa, UK. They are the developer behind free-to-play game creation and sharing tool Crayta.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/27/2021 via BNC Analysis

Zordix AB, will acquire Merge Games Ltd.

synopsis: UK-based video games publisher and developer Merge Games has been acquired by Swedish company Zordix. Merge Games was founded in 2010, and has gone on to publish and distribute the likes of Darkest Dungeon, Dead Cells, Cloudpunk and Streets of Rage 4.
buyer: Zordix AB (NGM:ZORDIX B:$4.09)
Zordix is a multinational game developer & publisher with its headquarter in Umeå in northern Sweden. Zordix is divided into four main units: Zordix Racing, Dimfrost Studio, Invictus Games and Zordix Publishing. "
target: Merge Games Ltd.
Merge Games is a games publisher, based in England, that is privately owned by Australian, Luke Keighran. Merge comprises a mixture of experienced industry veterans and enthusiastic youth - the combination makes for a strong group of people all dedicated to the business of publishing indie games.
price ($mm)
rev ($mm)
$18
EBITDA ($mm)
$4
EV / rev
0.0x
EV / EBITDA
0.0x
announced 5/20/2021 via BusinessWire

Jam City, will acquire Ludia, Inc.

synopsis: Jam City, a leader in mobile entertainment, is to acquire Montreal-based Ludia from FremantleMedia Canada Inc. Ludia is one of Canada's leading mobile video game companies. Its portfolio includes original games based on internationally recognized brands such as Jurassic World Alive, Lovelink, Teenage Mutant Ninja Turtles: Legends and much more.
buyer: Jam City
Jam City is a leader in mobile entertainment, providing unique and deeply engaging games that appeal to broad global audiences. Jam City has studios in Los Angeles (HQ), Burbank, San Francisco, San Diego, Bogotá, Toronto, Buenos Aires, and Berlin. "
target parent: Bertelsmann SE & Co. KGaA
target: Ludia, Inc.
Ludia Inc. is one of Canada's leading mobile video game companies. Its high-quality portfolio includes original games based on internationally recognized brands such as Jurassic World Alive, Warriors of Waterdeep, Lovelink, Teenage Mutant Ninja Turtles: Legends and much more.
price ($mm)
$175
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/19/2021 via PR Newswire

Platinum Equity, LLC, will acquire Game Taco, Inc.

synopsis: Platinum Equity announced the signing of an agreement to acquire Game Taco, a premier skill-based mobile gaming platform that joins gamers from around the world to play and compete in tournaments for fun and cash prizes.
buyer: Platinum Equity, LLC
Platinum Equity is a global investment firm with more than $19 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions, and operations—a trademarked strategy it calls M&A&O."
target: Game Taco, Inc.
Game Taco, founded by Joshua Barrow in 2016, is an online skill-based game tournament platform. It is designed to provide a fun, friendly, and trusted destination for users to play skill-based games against opponents of similar ability for fun and cash prizes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2021 via gamesindustry.biz

THQ Nordic AB, acquired Appeal Studios

synopsis: Embracer Group has announced that they have acquired Appeal Studios. Appeal Studios is a premier game development studio, located in Belgium, that’s brought together a team of veteran game developers.
buyer parent: Embracer Group
buyer: THQ Nordic AB (OM:THQN B:$596.89)
Austria-based THQ Nordic acquires, develops and publishes PC and console games for the global games market. The company is a major player within game and partner publishing with an extensive catalogue of over 100 owned franchises, such as Saints Row, Dead Island, and Darksiders amongst others. "
target: Appeal Studios
Appeal Studios is a premier game development studio, located in Belgium, that’s brought together a team of veteran game developers. They bring games to life across a wide array of gaming platforms. One of their most famous games is the 1999 cult classic, Outcast.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2021 via Company Press Release

Amplifier Game Invest, acquired FRAME BREAK AB

synopsis: Amplifier Game Invest, a company that invests in talented game studios, has acquired FRAME BREAK AB, an indie game studio in Sweden. FRAME BREAK aims to explore novel ideas, discover new genres, and create games that unite new and old players through original experiences. Their titles include Farmech, GRAVIBEAT, and Acrobotics.
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: FRAME BREAK AB
FRAME BREAK is an indie game studio in Sweden. FRAME BREAK aims to explore novel ideas, discover new genres, and create games that unite new and old players through original experiences. Their titles include Farmech, GRAVIBEAT, and Acrobotics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2021 via gamesindustry.biz

THQ Nordic AB, acquired KAIKO GmbH

synopsis: THQ Nordic, an Austrian video game publisher, has acquired KAIKO, a video game development company in Germany. KAIKO has over 25 years of development experience and has developed games for a variety of consoles. Their games include Gem'x, Legend of Kay, TNT Racers, Kingdoms of Amalur: Re-Reckoning and more.
buyer parent: Embracer Group
buyer: THQ Nordic AB (OM:THQN B:$596.89)
Austria-based THQ Nordic acquires, develops and publishes PC and console games for the global games market. The company is a major player within game and partner publishing with an extensive catalogue of over 100 owned franchises, such as Saints Row, Dead Island, and Darksiders amongst others. "
target: KAIKO GmbH
KAIKO is a video game development company in Germany. KAIKO has over 25 years of development experience and has developed games for a variety of consoles. Their games include Gem'x, Legend of Kay, TNT Racers, Kingdoms of Amalur: Re-Reckoning and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2021 via gamesindustry.biz

HandyGames, acquired Massive Miniteam

synopsis: HandyGames, a game developer and publisher in Germany, has acquired Massive Miniteam, an independent video game developer in Germany. Massive Miniteam creates high-quality indie games for consoles, PC, and mobile devices. Their games and projects include Chicken Police, Spitlings, Little Big Workshop, Can't Drive This, and more.
buyer parent: Embracer Group
buyer: HandyGames
HandyGames is a game developer and publisher in Germany. HandyGames has released more than 150 games on a multitude of platforms. The company is focused on developing games for iOS, Android, Oculus Rift, Samsung Gear VR, HTC Vive, tablet computers, Android TV, and Wearables. "
target: Massive Miniteam
Massive Miniteam is an independent video game developer in Germany. Massive Miniteam creates high-quality indie games for consoles, PC, and mobile devices. Their games and projects include Chicken Police, Spitlings, Little Big Workshop, Can't Drive This, and more.
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:$211.35)
Nacon, formerly Bigben Interactive SA is a French video game company based in Lesquin. Established in 1981, the company designs and distributes accessories for video game consoles, and publishes and distributes video games for various platforms. "
target: Passtech Games
Created in 2012, Passtech has built its experience by developing several games (Space Run, Space Run Galaxy, Masters of Anima) on different platforms before specializing in rogue-like action games with Curse of the Dead Gods ®.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/31/2021 via Company Press Release

CD Projekt RED, will acquire Digital Scapes

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

Visual Concepts, purchased Game Division from HookBang

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

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$73.48
Employees
1368
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Ticker: JASDAQ:2138
 
 
 
 
 
 
 
 
Crooz
Crooz
Crooz, Inc. offers smartphone games to the Japanese and global markets, including original titles such as RAGNABREAK, The Knights of Avalon, Elemental Story, and Card King, in addition to games that make use of IP that represents Japan, such as HUNTER×HUNTER, NARUTO, and Final Fantasy.
year
2020
rev ($mm)
$327.62
EBITDA ($mm)
$12.99
EBIT ($mm)
$8.30
Net Income ($mm)
$0.17
Employees
278
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Ticker: HLSE:ROVIO
 
 
 
 
 
 
 
 
Rovio Entertainment Corporation
Rovio Entertainment Corporation
Rovio Entertainment Corporation is a games-first entertainment company, that creates, develops and publishes mobile games and acts as a brand licensor in various entertainment and consumer product categories. The Company is best known for the global Angry Birds brand, which started in 2009.
year
2020
rev ($mm)
$323.62
EBITDA ($mm)
$27.14
EBIT ($mm)
$26.48
Net Income ($mm)
$18.31
Employees
462
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Ticker: DSKY
 
 
 
 
 
 
 
 
iDreamSky Technology Limited
iDreamSky is the largest independent mobile game publishing platform in China based on the number of active users in 2013. The Company’s mission is to enrich mobile users’ lifestyle and deliver fun and engaging mobile games and entertainment to users.
year
2015
rev ($mm)
$190.37
EBITDA ($mm)
$3.66
EBIT ($mm)
$1.90
Net Income ($mm)
Employees
756
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Ticker: KOSDAQ:A06
 
 
 
 
 
 
 
 
GAMEVIL
GAMEVIL
GAMEVIL is a premier mobile game developer and publisher located in Los Angeles, USA and Seoul, South Korea. They have experience publishing hundreds of games on multiple platforms with over 400 million downloads.
year
2020
rev ($mm)
$124.97
EBITDA ($mm)
$20.23
EBIT ($mm)
$14.04
Net Income ($mm)
$16.13
Employees
200
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Ticker: TSE:3928
 
 
 
 
 
 
 
 
Mynet Inc.
Mynet Inc.
Mynet Inc., based in Japan, makes smartphone games. Valkyrie Crusade, which has reached over 7 million downloads worldwide, is an epic card battle and fantastic town building RPG/simulation game set in a world full of beautiful maidens.
year
2017
rev ($mm)
$112.87
EBITDA ($mm)
$19.67
EBIT ($mm)
$5.77
Net Income ($mm)
$0.11
Employees
0
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Ticker: TSE:3793
 
 
 
 
 
 
 
 
Drecom Co., Ltd.
Drecom Co., Ltd.
Drecom Co., Ltd. engages in the entertainment web and marketing solution businesses. The company’s Entertainment Web segment plans, develops, and provides entertainment contents to individual Internet users.
year
2019
rev ($mm)
$99.08
EBITDA ($mm)
($1.07)
EBIT ($mm)
($5.33)
Net Income ($mm)
Employees
407
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Ticker: SZSE:30005
 
 
 
 
 
 
 
 
Shenzhen ZQGame Co., Ltd.
Shenzhen ZQGame Co., Ltd.
ZQGame, Inc. is an online gaming company driven to create compelling entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.
year
2013
rev ($mm)
$51.93
EBITDA ($mm)
$10.47
EBIT ($mm)
$8.19
Net Income ($mm)
$8.17
Employees
  • drill down
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Ticker: SZSE:30031
 
 
 
 
 
 
 
 
Ourpalm Co.,Ltd
Ourpalm Co.,Ltd
Ourpalm was founded in Beijing in 2004 as a government licensed telecommunications and service provider. Early beginnings in web and mobile content have since evolved and secured Ourpalm a place as one of China's leading web and mobile game developer, publisher and operator of today.
year
2013
rev ($mm)
$42.29
EBITDA ($mm)
$13.99
EBIT ($mm)
$12.76
Net Income ($mm)
$15.64
Employees
  • drill down
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Ticker: KOSDAQ:A194510
 
 
 
 
 
 
 
 
PATI Games
PATI Games
Based in South Korea, Pati Games creates mobile games, software development, and game publishing. Their products include mobile and social games. Some games that they have developed are: I Love Nikki, I Love Coffee, and Dragon Heroes.
year
2018
rev ($mm)
$23.71
EBITDA ($mm)
($6.01)
EBIT ($mm)
($7.54)
Net Income ($mm)
Employees
  • drill down
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Ticker: GTSM:3662
 
 
 
 
 
 
 
 
XPEC Entertainment Inc.
XPEC Entertainment Inc.
XPEC Entertainment is one of the leading game developers in Greater China and has developed well-known titles for console and PC Online and mobile platforms. Founded in Taipei, Taiwan in August 2000, XPEC now has offices in Taiwan, Kaohsiung, Suzhou and Beijing, with more than 850 employees.
year
2014
rev ($mm)
$22.78
EBITDA ($mm)
($4.02)
EBIT ($mm)
($4.61)
Net Income ($mm)
Employees
850
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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
2021
rev ($mm)
$78,710.17
EBITDA ($mm)
$28,011.62
EBIT ($mm)
$20,392.54
Net Income ($mm)
$27,620.00
Employees
89228
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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
  • drill down
  • watch
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
2021
rev ($mm)
$3,372.77
EBITDA ($mm)
$759.29
EBIT ($mm)
$670.74
Net Income ($mm)
$588.89
Employees
6495
  • 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
  • drill down
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Ticker: KOSE:A251270
 
 
 
 
 
 
 
 
Netmarble
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide.
year
2021
rev ($mm)
$2,203.86
EBITDA ($mm)
$362.94
EBIT ($mm)
$266.96
Net Income ($mm)
$275.69
Employees
779
  • drill down
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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
  • drill down
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Ticker: OM:EMBRAC B
 
 
 
 
 
 
 
 
Embracer Group
Embracer Group
Embracer Group is a Swedish video game holding company. Embracer Group is the parent company of THQ Nordic, Koch Media and Coffee Stain. The Group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, and more.
year
2020
rev ($mm)
$1,094.55
EBITDA ($mm)
$271.51
EBIT ($mm)
$32.96
Net Income ($mm)
$31.55
Employees
4150
  • drill down
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Ticker: TSE:3632
 
 
 
 
 
 
 
 
Gree, Inc.
Gree, Inc.
GREE develops games at its studios in Japan, North America, and South Korea, producing high-ranking titles in the app markets of each region. The company was founded in 2004.
year
2018
rev ($mm)
$703.90
EBITDA ($mm)
$97.60
EBIT ($mm)
$85.11
Net Income ($mm)
$42.53
Employees
1416
  • drill down
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Ticker: SEHK:777
 
 
 
 
 
 
 
 
NetDragon WebSoft Inc.
NetDragon WebSoft Inc.
NetDragon Websoft Inc. is a leading innovator and creative force in China's online gaming and mobile internet industries. NetDragon offers many well-known mobile Internet products and services, including 91 Assistant, HiMarket, 91 Launcher,91 Panda Reader,sj.91.com and www.hiapk.com.
year
2017
rev ($mm)
$615.68
EBITDA ($mm)
$29.42
EBIT ($mm)
($7.39)
Net Income ($mm)
Employees
6446
  • drill down
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Ticker: NasdaqGS:BILI
 
 
 
 
 
 
 
 
Bilibili Inc.
Bilibili Inc.
Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
year
2018
rev ($mm)
$537.71
EBITDA ($mm)
($23.79)
EBIT ($mm)
($72.85)
Net Income ($mm)
Employees
1903
  • drill down
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