King acquires Nonstop Games; Planview buys Sweden’s Projectplace

Swedish-British game maker King reported poor revenue numbers and Candy Crush Saga player retention ability last night, but also announced its acquisition of Singapore-based Nonstop Games (the creator of Heroes Of Honor).

King paid $6 million in cash but the actual purchase price might go up to $100 million: another $84 million is due depending on future performance, and an additional $10 million so "certain employee shareholders" don't leave in the next year. More coverage here.

In other news, as reported by GigaOM, Planview has acquired Stockholm, Sweden-based Projectplace from VC firms InnovationsKapital and Via Venture Partners to "pioneer the next phase of cloud-based project collaboration and enterprise portfolio and resource management". Well then.

Terms of the latter acquisition were not disclosed, but the combined turnover will exceed $125 million according to the press release.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.