The company invested in the acquisition of Cubic Games, RJ Games, and Royal Ark to expand its position in the mid-core mobile games genre.
Nexters, a game development company, announced that it has invested $100 million into the acquisition of three mobile game studios: Cubic Games, RJ Games, and Royal Ark.The three companies will introduce their own gaming properties to the deal. The transactions are expected to complete in Q1, 2022.
Cubic Games is well known as a publisher of a mobile first-person shooter Pixel Gun 3D, RJ Games is the developer of puzzle RPG Puzzle Breakers that is expected to be released in 2022, and Royal Ark is the creator of two mobile survival RPGs Dawn of Zombies and Shelter Wars. Nexters invested in the parent companies of the game publishers planning to bolster the games' growth.
Nexters relies upon expanding its position in the mid-core mobile games genre through the investments, which are anticipated to be financed by both cash and shares.
Pixel Gun 3D
“We are excited to announce the inaugural M&A deals of Nexters as a public company, showing proof of our ambition to consolidate the gaming industry in the Russian-speaking region," Nexters co-founder and CEO Andrey Fadeev shared, "We believe these deals, combined, are one of the largest gaming M&A transactions in the region, and will create a strong foundation for further consolidation."
Nexters went public last year through a special purpose acquisition company (SPAC) in a deal that valued the company at $1.9 billion. The company is best known for publishing its own mobile title, Hero Wars, which has over 120 million downloads on iOS and Android.