Sweden’s Stillfront acquires Canada-based gamedev company KIXEYE for $90 million

andrii@tech.eu

Swedish-founded game developer Stillfront has purchased Canada-based KIXEYE in an all-cash deal worth $90 million. Stillfront may pay up to $30 million on top of this based on the results of the financial year 2019.

KIXEYE is mostly known as a developer of free-to-play mobile massively multiplayer online strategy games, like War Commander, Vega Conflict, and Battle Pirates.

“KIXEYE games portfolio of four strong IPs and a well-known brand is a very good contribution to our existing game portfolio and increases the potential for synergies within the Group,” said Jörgen Larsson, CEO of Stillfront. “KIXEYE are pioneers in free-to-play gaming and has a very strong track record in developing blockbuster IPs.”

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 Tech.eu, 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.