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Animoca Brands sells 13 of its casual games to Maple Media for up to $2.9 million

Date Type Companies involved Size
September 4th, 2017 acquisition Animoca Brands
Maple Media
$2.9m
Animoca Brands sells 13 of its casual games to Maple Media for up to $2.9 million

Animoca Brands has completed the sale of 13 of its games to Maple Media for up to $2.9 million (A$3.6 million).

The deal sees Maple Media paying $1.1 million (A$1.4 million) upfront as a "partial consideration. The remaining potential $1.8 million will be paid in 2018 and 2019 subject to revenue hurdles.

Animoca stated that the games sold were "non-core components" of its TicBits subsidiary, noting that casual games such as Mahjong and Sudoku are part of the deal. It also retains the right to sell two more games to Maple Media in the future.

Tighter focus

The company acquired TicBits back in July 2016 for $3.7 million. The appeal of the purchase appeared to be its technology and European location, which allowed Animoca to spread further West.

Animoca's own focus is currently on core titles and VR. In March 2017 it raised $5.2 million to push into the new technology, as well as eBooks for children, and subscription-based games.

In the same month, it partnered with Japanese developer COLOPL to push its social casino game Tokyo Casino Project worldwide. The game has previously been a top 100 grosser on the Japan App Store.


News Editor

Ric likes to read epic poems and watch classic films to hide the fact he plays way too many games. The facade has thus far not been very effective.

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