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Playtika Seems to Develop Outside Public Casino Community with Wooga Acquisition

Playtika Seems to Develop Outside Public Casino Community with Wooga Acquisition

Israel-based communal casino giant Playtika states another buy as part of growth and variation strategy

Judio developer of social gambling establishment games Playtika has paid for Wooga Gmbh , your Berlin-based founder of mobile-friendly story-driven video games, in a bid to shift its business outside of it has the core markets.

No details of the deal were being revealed from the involved people, but according to sources experienced with the the acquisition, Playtika has paid more than $321.88 million for any German adventure developer.

Wooga was founded during the past year by Jens Begemann. The corporation rose for you to prominence using casual mobile phone titles including June's Quest and Pearl's Peril this feature invisible objects just for players to locate or questions. It attempted to diversify the offering with more hardcore games, but that venture failed to prove worthwhile and eventually resulted in staff layoffs. Currently employing 180 individuals at its aristocrat pokies for free Koeln studio, Wooga says it again has obtained its robustness in the $70-billion casual games market place after unreliable two years.

Wooga had recently raised all over $30 zillion from the would like of Highland Capital Newlyweds and Balderton Capital. In a statement out of earlier right now, the game writer said them finds it the right decision for you to 'now acquire a new seller that will cultivate with them, ' instead of possessing VCs investments for a reasonably limited time and subsequently looking to market their shares. Continue Reading →