Griffin Gaming Partners to Acquire Playdigious

Mergers and Acquisitions

09 October 2025 12:04

Fragbite Group has announced the sale of its mobile publishing subsidiary, Playdigious, to venture capital firm Griffin Gaming Partners for €10.5 million ($12.2 million). The divestment marks a significant shift for Fragbite, which has held a controlling stake in Playdigious since acquiring the company in 2021.

As part of the agreement, Fragbite will retain 90% of the net revenue generated from PC games under its publishing arm, Playdigious Originals. Notably, Playdigious is best known for publishing successful mobile titles like Dead Cells and Cultist Simulator, along with handling Nintendo Switch releases.

Fragbite Group described the divestiture as a strategic move that strengthens its capital position, allowing the company to support new initiatives, including its Bitcoin Treasury project. While Playdigious was Fragbite's largest subsidiary, contributing 77% of the company's revenue in 2024, the group emphasized that the divestment would not alter its broader business strategy.

In a statement, CEO Stefan Tengvall reflected on Playdigious' successful acquisition, noting, "Playdigious was acquired in 2021 and has been a successful investment. We now got the opportunity to divest the subsidiary in a favourable deal that allows us to secure a strong capital position, evolve Fragbite Group further and support new strategic initiatives."

Tengvall also expressed continued optimism for Playdigious' future, despite the change in ownership. "We have always been very proud of the Playdigious team, and I want to thank all team members for being such a positive part of the group these years. I believe Playdigious will continue to grow together with the highly knowledgeable team at Griffin Gaming Partners and wish them the best of luck in future endeavours."

More:Method Partners with Theta Labs

Tags: Fragbite

Share:

Sources:

Report mistake Submit news

Related news

View All

Fall Damage to be Acquired by Fragbite

Fragbite announced the acquisition of Fall Damage. Fragbite will pay SEK 20 million ($1.8 million) for this acquisition. Half of...

Business

Oct 12, 2023

Netflix to Acquire Warner Bros

After several weeks of reviewing bids from interested buyers, Netflix has been chosen to purchase Warner Bros. in 2026. The...

Mergers and Acquisitions

Dec 05, 2025

Embracer Group to Sell Arc Games and Cryptic Studios

Embracer Group has shed two more teams from its extensive catalogue of studios, announcing the sale of Arc Games and...

Mergers and Acquisitions

Nov 27, 2025

Riot to Sell Hytale IP and Hypixel

Riot Games has sold the Hytale franchise back to its original co-founder, Simon Collins-Laflamme, only months after confirming it would...

Mergers and Acquisitions

Nov 19, 2025

GamerPay Acquired by Social First

Finnish gaming studio Social First has announced the acquisition of GamerPay, a real-money marketplace for in-game items, for an undisclosed...

Mergers and Acquisitions

Nov 13, 2025

Griffin Gaming Partners to Acquire Playdigious

Mergers and Acquisitions

09 October 2025 12:04

Tags: Fragbite

Fragbite Group has announced the sale of its mobile publishing subsidiary, Playdigious, to venture capital firm Griffin Gaming Partners for €10.5 million ($12.2 million). The divestment marks a significant shift for Fragbite, which has held a controlling stake in Playdigious since acquiring the company in 2021.

As part of the agreement, Fragbite will retain 90% of the net revenue generated from PC games under its publishing arm, Playdigious Originals. Notably, Playdigious is best known for publishing successful mobile titles like Dead Cells and Cultist Simulator, along with handling Nintendo Switch releases.

Fragbite Group described the divestiture as a strategic move that strengthens its capital position, allowing the company to support new initiatives, including its Bitcoin Treasury project. While Playdigious was Fragbite's largest subsidiary, contributing 77% of the company's revenue in 2024, the group emphasized that the divestment would not alter its broader business strategy.

In a statement, CEO Stefan Tengvall reflected on Playdigious' successful acquisition, noting, "Playdigious was acquired in 2021 and has been a successful investment. We now got the opportunity to divest the subsidiary in a favourable deal that allows us to secure a strong capital position, evolve Fragbite Group further and support new strategic initiatives."

Tengvall also expressed continued optimism for Playdigious' future, despite the change in ownership. "We have always been very proud of the Playdigious team, and I want to thank all team members for being such a positive part of the group these years. I believe Playdigious will continue to grow together with the highly knowledgeable team at Griffin Gaming Partners and wish them the best of luck in future endeavours."

More:Method Partners with Theta Labs

Share:

Sources:

Report mistake Submit news