Game studio coalition Stillfront Group has acquired California based mobile game maker Storm8
Prime Nordic investee company Stillfront Group has recently announced that it is acquiring 100% of California mobile gaming studio Storm8.
Stillfront is calling this one of the biggest acquisitions in its history. The deal will cost the group $300 million, $75 million of which will be in Stillfront shares.
Storm8 specialises in casual mobile games like Dragon Story.
Storm8 also works on licensed games, including Property Brothers Home Design, which was released last year. According to Sensor Tower, this is currently the studio’s most popular games in terms of downloads, earning 900,000 downloads last month.
Many of Stillfront’s existing games focus on strategy fans, which is typically a male dominated market. The company notes that Storm8 will give it access to a different audience, specifically females aged 25 to 45.
Storm8 – Leading Mobile Mash-up Games Publisher
Stillfront is a Sweden-based global group of gaming studios that often involves itself in acquisitions like this. Last year, it bought mobile strategy game studio Kixeye for $90 million.
Storm8 and Stillfront - A leading free-to-play powerhouse
In the eyes of Stillfront CEO Jörgen Larsson, the acquisition serves to help Stillfront reach beyond its usual audience and genre, given Storm8’s casual and puzzle game experience.
“The combination of our product portfolios and audiences transforms Stillfront's position in the global games market, almost tripling our monthly and daily active users. The effects of this deal contribute to Stillfront's long term strategy and strengthen the financial position of Stillfront,” says a statement from Larsson.
Prime Nordic is pleased to observe Stillfront’s continued growth and expansion with the Storm8 deal the latest of many sizable acquisitions made in recent memory, including last summer’s $90 million acquisition of Kixeye and the $11.7 million acquisition of Imperia Online from the year before.