DoubleU Games to acquire Paxie Games for $67m.

DoubleU Games, a developer of social casino games, agreed to acquire Paxie Games, a Turkish gaming studio, for $67m. “We believe the acquisition of Paxie Games represents a significant move to secure an expanded portfolio of new mobile gaming titles, driving growth and unlocking new opportunities. We recognize Paxie Games' competitive edge lies in users’ extended playtime with intuitive gameplay, instant rewards and seamless integration between meta and core game mechanics. Additionally, its operational capabilities are enhanced by execution of diverse and creative LiveOps events,” Jay Choi, DoubleU Games Chief Financial Officer.