Web games specialist King.com has acquired smartphone studio Fabrication Games, TechCrunch has revealed.
The fee was undisclosed but PocketGamer.biz believes it to be in the multiple millions of euros.
The move will not only see the Stockholm-based studio's 12-strong workforce joining the casual games outfit, but will also result in King.com taking charge of the firm's library of games and development tools.
Fabrication recently developed Niko for Habbo publisher Sulake, and is currently working on Project Belle for NCsoft.
Further than Facebook
The acquisition follows the expansion of King.com's output on both its only social platform and Facebook to rival Google+ at the start of 2012, with the company boasting 23.8 million monthly active users at the time.
It's now suggested the King.com will use Fabrication Games' expertise on both iOS and Android to expand its output on mobile, taking on the likes of Zynga, CrowdStar and Funzio in the process.
King.com launched its first game on iOS back in 2009, with Amazon Survival having been followed by half a dozen games since.
Aside from this, TechCrunch reports the newly bolstered King.com will move towards an initial public offering (IPO) before the end of the year, depending on market conditions.
The site claims chief executive Riccardo Zacconi is currently on the hunt for a Silicon Valley-based board member and is "changing internal financial reporting to meet generally accepted accounting principles".
[source: TechCrunch]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
News
May 9th, 2024
More Xbox cutbacks hit ZeniMax with only Microsoft’s mobile ventures now unscathed
Feature
May 7th, 2024
Hot Five: Supercell’s Squad Busters supremacy, Brawl Stars bounces back, and a games industry journey at King
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
Top Stories
Feature
11 hours, 19 minutes ago
Why diversified revenue streams are the key to maximising monetisation
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
News
May 10th, 2024
Week in Views - Xbox's mobile games store is doomed to fail, Sonic meets the Angry Birds, and Apple's iPad problem
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Berlin May 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |