2 Acquisitions of Companies in the Casual Games Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Casual Games industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Casual Games industry.

Kongregate acquired by Modern Times Group

Details about the transaction:

Acquisition amount:

$55,000,000

Announcement:

20 June 2017

Details about the company:

Kongregate is a digital gaming platform and producer of mobile games.

Headquarter:

San Francisco, California, United States

Where to find them:

Industry:

Casual Games, Gaming, Internet, iOS, Mobile, Social Network

Details about the buyer:

An multinational entertainment company is called Modern Times Group.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

5minlab acquired by Krafton

Details about the transaction:

Acquisition amount:

$19,900,000

Announcement:

14 February 2022

Details about the company:

A PC/mobile game development studio with headquarters in Seoul, South Korea is called 5minlab.

Headquarter:

Seoul, Seoul-t'ukpyolsi, South Korea

Where to find them:

Industry:

Casual Games, Gaming, Mobile Apps, PC Games, Video Games

Details about the buyer:

Fantasy game development is the main emphasis of Krafton, a PC and mobile gaming studio.

Headquarter:

Seongnam, Kyonggi-do, South Korea

Where to find them: