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New Deal


Announced

Stillfront to acquire Nanobit for $160m.

Financials

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Transaction Value£123m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

mobile games development

Friendly

Private

Croatia

Acquisition

Cross Border

Single Bidder

Gaming

Majority

Synopsis

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Stillfront, a free-to-play powerhouse of gaming studios, agreed to acquire Nanobit, a Croatia-based developer and publisher of mobile games, for $160m. "With the acquisition of Nanobit, Stillfront expands our footprint into the narrative lifestyle RPG genre, further strengthening Stillfront’s portfolio of Simulation, Action and RPG games and broadening our gaming audience. Nanobit is an experienced and reputable studio with numerous apps and games with a clear niche within the lifestyle genre. The games portfolio has shown strong growth during the last year and we see a strong growth potential going forward, including a promising pipeline of new games," Jörgen Larsson, Stillfront CEO.

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