And online sports betting operator Snaitech was acquired by Flutter Entertainment for $2.5B at 2.5x EV/Sales to expand its presence in the Italian market.
Looking at recent largest deals, Turkish mobile gaming studio Dream Games was purchased for $5B by CVC Capital Partners.
Finally, in Japan, the social gaming subsidiary of CROOZ, StudioZ, was acquired by entertainment firm Boat for $1.4 million to enhance its in-house development capabilities and expand its footprint in Japan’s mobile gaming sector.
Also in May, a UK-based indie PC and console game publisher, Curve Games, was acquired for $29M by Indian cross-platform gaming company Nazara Technologies as part of its strategy to expand beyond mobile and strengthen its presence in the global PC-console market.
Meanwhile, in Canada, indie game creator Crimson Herring Studios was acquired by its peer Zugalu Entertainment in a strategic move to boost its storytelling capabilities.
In May, marketing platform Applovin sold its mobile game business for $800M to mobile game developer Tripledot to diversify its gaming portfolio and boost its expertise in the market.