DoubleU Games acquires 60% of Turkish studio Paxie Games for $27M, aiming for full ownership.

DoubleU Games, a NASDAQ-listed company, plans to acquire Turkish gaming studio Paxie Games, known for developing the popular game Merge Studio: Fashion Makeover. The deal involves an initial $27 million purchase of a 60% stake, with the remaining 40% to be acquired over three years, leading to full ownership of Paxie Games. Paxie Games is one of the top companies in the fast-growing Merge 2 genre.

3 months ago
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