Stillfront acquires Kixeye to expand its portfolio of games

albertfalck
albertfalck
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Joined Jul 2019 Posts: 3

Kixeye has found new ownership in Swedish developer Stillfront Group. As part of the deal, Stillfront is acquiring Kixeye and its games for $90 million in cash. Depending on its earnings, Stillfront may also end up paying another $30 million to Kixeye’s owners. Both sides expect the deal to close July 1. At that point, all of Kixeye’s current operations would come under Stillfront control.

This acquisition gives Stillfront games like War Commander and Battle Pirates. These are free-to-play massively multiplayer mobile games with strategy elements. In Kixeye games, you typically build a base and get into battles with other players and try to level up your units and defenses. It’s a popular genre — and one that Stillfront is also active in with games like Call of War.

 

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“Kixeye fits perfectly into Stillfront’s growth strategy by broadening our portfolio of studios and games with characteristics that drive long term gamer relations,” Stillfront chief executive Jörgen Larsson said in a statement. “Kixeye’s games portfolio of four strong IPs and a well-known brand is a very good contribution to our existing game portfolio and increases the potential for synergies within the Group.”


source from https://docsbay.net/stillfront-acquires-kixeye-to-expand-its-portfolio-of-games
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