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.”