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.

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.

Tags: Winking

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Envy Gaming Merger with Native Gaming Announced

Envy Gaming has announced its merger with esports organization Native Gaming, just two months after Envy was re-acquired by...

Mergers and Acquisitions

Mar 12, 2025

Jam City to Sell Ludia

Mobile game company Jam City has announced the sale of its Montreal-based studio, Ludia, to a group of Canadian investors...

Mergers and Acquisitions

Mar 06, 2025

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

View All

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Envy Gaming Merger with Native Gaming Announced

Envy Gaming has announced its merger with esports organization Native Gaming, just two months after Envy was re-acquired by...

Mergers and Acquisitions

Mar 12, 2025

Jam City to Sell Ludia

Mobile game company Jam City has announced the sale of its Montreal-based studio, Ludia, to a group of Canadian investors...

Mergers and Acquisitions

Mar 06, 2025