MY.GAMES acquires hyper-casual Publisher, Mamboo Games

--News Direct--

Global gaming brand MY.GAMES has today announced the acquisition of Mamboo Games, which publishes hyper casual and hybrid casual titles, and develops its own games. In total, the Mamboo Games portfolio includes more than 30 projects.

Following the completion of the deal, MY.GAMES became the majority owner of Mamboo Games. As part of the deal, MY.GAMES is paying more than $2 million at close, as well as a deferred payment, the amount of which will be determined depending on the business performance.

Mamboo Games is headquartered in Minsk and employs 35 people. In 2020, Mamboo Games started out as a hyper casual game publisher and has now expanded its portfolio with a new genre of hybrid casual games, which includes Viking Life: Wild North; Scary Pranks: Horror Puzzle Survival; Space Rover: Space Taikon; Shift Princess: Fairies and Princesses. One of the publisher's most successful projects is Shift Race: a 3D racing game that reached 15 million installs in the first three months after release. Another successful project is Billion Builders, which entered the top 50 on the iOS platform in the US and the top 10 in China.

“In October 2020, we invested in Mamboo Games, and during this time the team has performed well, releasing a new commercially successful release every month. There is a symbiosis between MY.GAMES' expertise in mid-core games and Mamboo Games' expertise which allows us to create successful projects in the hybrid casual genre. We clearly understand how it is important to have flexibility and mobility today in the hyper casual market and will effectively scale Mamboo’s business and provide them with all the advantages of an MY.GAMES’ open partner environment”, - commented Vasily Maguryan, CEO of MY.GAMES.

“We see how hyper-casual games are in demand among the audience - in 2020 the hyper casual games market grew by 104% and reached $3 billion, and we will continue to develop and expand in this segment and offer new solutions. MY.GAMES has huge expertise and a diversified portfolio across their thirteen studios and we have already launched several joint projects by working with some of them. We are confident that our partnership will allow us to realise our potential and give users new, globally successful hits,”, - commented Ivan Leshkevich, CEO of Mamboo Games.

MY.GAMES acquires hyper-casual Publisher, Mamboo Games

About MY.GAMES:

MY.GAMES is an international gaming brand (part of Mail.ru Group) and a leading online entertainment company. MY.GAMES comprises 13 regional offices in Russia, Europe and the US, over 1,800 staff, and 13 development studios. MY.GAMES develop titles for the PC, consoles, and mobile devices. The company operates over 80 projects, with more than 150 titles in its portfolio including War Robots, Hustle Castle, Left to Survive, Skyforge, and Allods Online. MY.GAMES portfolio includes renowned titles like Warface, ArcheAge, Perfect World, Revelation Online, Conqueror's Blade, Lost Ark, and more.

MY.GAMES Venture Capital (MGVC)

MY.GAMES Venture Capital (MGVC), the investment arm of MY.GAMES, was founded in 2017 and has invested in 40 studios and consolidated 7 in four years. MGVC has also entered the top 10 largest investment funds in the world. By investing in new studios, MY.GAMES continues to pursue its strategy of diversifying its gaming portfolio, providing studios with the right conditions to grow their business and scale their product.

Contacts:

Dmitrii Lazarev - Global Corporate PR Manager, MY.GAMES

Dmitrii.Lazarev@corp.my.com

Stefano Petrullo – Renaissance PR

stefano@renaissancepr.biz

+44 (0) 7828 692 315

Sophie Carter – Renaissance PR

sophie@renaissancepr.biz

+44 (0) 7810 848 320

Contact Details

Renaissance PR

Emily Britt

+44 7530 081191

emily@renaissancepr.biz

View source version on newsdirect.com: https://newsdirect.com/news/my-games-acquires-hyper-casual-publisher-mamboo-games-845884087

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.