Winking to Acquire Mineloader

Winking to Acquire Mineloader

Mergers and Acquisitions

17 January 2025 15:58

Outsourcing and development firm Winking Studios has announced its proposed acquisition of Shanghai-based studio Mineloader. The deal is valued at £16.3 million, with £14.7 million being paid upfront, and the remainder contingent on the studio's performance over the next five years.

The acquisition is expected to close in the second quarter of 2025.

"This is our largest acquisition to date and represents a crucial step in strengthening our position within the global video games industry," said Johnny Jan, founder and CEO of Winking Studios.

Mineloader, with a team of over 460 employees, will significantly expand Winking Studios' workforce, which currently exceeds 800 employees. The acquisition is expected to enhance Winking Studios' service offerings and bring in new clients.

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Jan added, "Mineloader's expertise in console platform games will provide greater revenue diversification, along with opportunities for increased business synergies and cross-selling. This will drive better economies of scale and greater scalability."

In November, Winking Studios raised $10 million as part of a dual listing on the London Stock Exchange.

Tags: Winking

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Winking to Acquire Mineloader

Mergers and Acquisitions

17 January 2025 15:58

Tags: Winking

Outsourcing and development firm Winking Studios has announced its proposed acquisition of Shanghai-based studio Mineloader. The deal is valued at £16.3 million, with £14.7 million being paid upfront, and the remainder contingent on the studio's performance over the next five years.

The acquisition is expected to close in the second quarter of 2025.

"This is our largest acquisition to date and represents a crucial step in strengthening our position within the global video games industry," said Johnny Jan, founder and CEO of Winking Studios.

Mineloader, with a team of over 460 employees, will significantly expand Winking Studios' workforce, which currently exceeds 800 employees. The acquisition is expected to enhance Winking Studios' service offerings and bring in new clients.

More:Disguised to Leave Challengers League

Jan added, "Mineloader's expertise in console platform games will provide greater revenue diversification, along with opportunities for increased business synergies and cross-selling. This will drive better economies of scale and greater scalability."

In November, Winking Studios raised $10 million as part of a dual listing on the London Stock Exchange.

Share:

Sources:

Report mistake Submit news

Related news

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