Social casino developer DoubleU Games has acquired Turkish studio Paxie Games.
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Geek Alliance LLCThe deal for the Merge Studio: Fashion Makeover developer sees DoubleU pick up a 60% stake for $27 million. The remaining 40% will be purchased over the next three years for as much as $40m, subject to hitting certain financial targets. … [MORE]
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1 Comment
This is an interesting move by DoubleU! Acquiring Paxie Games could really shake things up in the social casino space. I mean, Merge Studio: Fashion Makeover has a solid following, and it’ll be cool to see how they blend that with DoubleU’s offerings. The 60% stake for $27 million seems like a smart investment, and if Paxie hits those targets, that extra $40 million could really pay off. I’m curious to see what new games or features might come from this partnership. Definitely a deal to keep an eye on!