Stillfront Group acquired Super Free Games and Sandbox Interactive studios for almost $310 million
Swedish publisher and developer Stillfront Group is expanding its gaming portfolio thanks to the takeover of two studios at once. The total amount of the transaction for the purchase of Super Free Games and Sandbox Interactive amounted to almost $310 million.Information about buying Super Free Games
Stillfront Group acquires 100% of the California studio for $150 million, of which $71 million will be paid in cash and another $79 million in shares.
- Super Free Games can also receive additional payments in the amount of up to two of its EBITDA for each of the next three financial years.
- The amount will depend on the studio’s profit.Super Free Games revenue for January-September 2020 was $57.6 million, and EBITDA was $8.7 million.
- The deal is expected to close on January 29, 2021.
- Information about the purchase of Sandbox Interactive
The amount of the takeover deal for the Berlin company will amount to $158.5 million, of which $122 million will be paid in cash, and $36.5 in shares.
- Sandbox Interactive may receive additional payments in the amount of its EBITDA for each of the four subsequent financial years.
- The amount will depend on the studio’s profit.Sandbox Interactive’s revenue for January-September 2020 was $11.6 million, and EBITDA was $6.4 million.
- The deal will be completed on December 30.
- For what purpose did Stillfront Group acquire these studios?
The takeover of Super Free Games will allow the Swedish publisher to strengthen its position in the casual games segment.
The developer’s projects have earned over $50 million, and right now the studio has five new mobile titles in development.
In the case of Sandbox Interactive, Stillfront Group expects to gain a foothold in the PC market and especially in the genre of free-play MMORPGs. The publisher can also help the Berlin studio with the launch of the mobile version of Albion Online, which is scheduled for release on iOS and Android in the first half of 2021.
