Hong Kong-based Animoca Brands Corporation Ltd
(ASX:AB1), will acquire a mobile games developer based in Finland.
Animoca has entered a deal to buy a company, TicBits Oy, for an upfront payment of $3.5 million. Animoca will also pay $1.5 million in deferred consideration.
Ticbits’ games are mainly on Apple’s iOS platform, and include Crazy Kings, Sudoku, and Mahjong.
Animoca says it is fully funded for this deal, as it recently raised $7.5 million in equity.
Animoca Brands reported a net loss of $2.93 million at 31 December 2015.
