Nexters today announced a series of acquisition deals as part of its investment into mobile gaming. It will acquire Cubic Games, RJ Games, and Royal Ark. The three companies will bring their own gaming properties to the deal, including Pixel Gun 3D.
Nexters is investing a total of about $100 million in the deal, to expand the number of midcore games in its portfolio. In addition to Pixel Gun, the deal adds Puzzle Breakers (RJ Games), Dawn of Zombies and Shelter Wars (Royal Ark) to Nexters library. Nexters invested in the parent companies of the game publishers, and plans to use its expertise to stimulate the games’ growth.
Nexters went public last year through a SPAC with a $1.9 billion valuation. The company already publishes its own mobile title, Hero Wars, which has around 120 million downloads on iOS and Android at last report.
Andrey Fadeev, Nexters’ CEO, said in a statement, “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 … I warmly welcome the teams to the Nexters family and I sincerely believe we will see more like-minded companies joining us in the future to hit the road together.”
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it.
Upcoming GamesBeat Events
- GamesBeat & Oculus team up to present exclusive games content | Register today
- GamesBeat and Oculus present a series of exclusive interactive VR gaming events to our confederation of gamers, developers and publishers, industry CEOs, executives, and venture capitalists.
- GamesBeat & Facebook partner on the next big gaming event | Register today
- From major ad ecosystem changes to the imminent arrival of the metaverse, the gaming world is flush with change that industry folk need to pay attention to. That’s why GamesBeat, VentureBeat’s dedicated gaming channel, is excited to partner with Facebook Gaming and Facebook Audience Network to bring an important new gaming industry event to life.
Interested in VentureBeat coverage?
Join the community that is leading in AI coverage and transformative tech news and events helping business leaders make smart decisions and stay on top of breaking news.
Whether you come for the articles, read our newsletters, or attend our events, you will emerge from VentureBeat with new knowledge, perspective, influences, and connections.
The 2nd Annual GamesBeat and Facebook Gaming Summit will uncover future gaming markets and trends, explore the major changes that are impacting the industry, and unveil new growth and monetization opportunities.
Hosted digitally on January 25, 2022, this event will bring leaders across the gaming industry together to dig deep into the most essential topics now facing developers and publishers, including advertising and privacy changes, cloud gaming, creative advertising, the creator economy, the growth of triple-A mobile, app monetization, and more.
GamesBeat’s lead writer, Dean Takahashi, will lead day 2 and 3 “Into the metaverse 2” with top speakers including many who helped us create an insightful conference in 2021.
The Metaverse seemed like science fiction for so many decades, but now, during the pandemic, it feels like we’re nearly there. Audiences who are exhausted with Zoom video calls may be readier than ever to try out something in a virtual environment. True to VentureBeat’s top coverage, programming will include both a gaming and transformative technology perspective. Our topics will cover startups, technology, science fiction ideas, ethics, infrastructure, blockchain, and more.
You must be logged in to post a comment.