The initial leg of the deal is for 78% of Nanobit’s shares, with the remaining 22% changing hands in the second tranche for a consideration not exceeding $48 million.
Nanobit is an experienced and reputable studio with numerous apps and games with a clear niche within the lifestyle genre. The games portfolio has shown strong growth during the last year and we see a strong growth potential going forward, including a promising pipeline of new games.
Jorgen Larsson, Stillfront CEO
The Zagreb-based Nanobit was founded in 2008 by Alan Sumina and Zoran Vučinić, both of whom will remain with the company through the acquisition as members of management, along with “other key employees.” The studio boasts a library of 29 total games and apps with 145 million lifetime downloads and the new deal allows the company to expand it’s narrative and lifestyle RPG repertoire with titles such as Tabou Stories, My Story, and Hollywood Story, while strengthening other genres where it already has an established presence.
The sale is expected to close on September 30 and it comes as part of an ongoing series of acquisitions by Stillfront, including Candywriter and Storm8 earlier this year, Kixeye in 2019, Imperia Online in 2018, and eRepublik Labs and GoodGame in 2017.
Stillfront Group AB, through its subsidiaries, creates, publishes, and distributes digital games in Germany, the United States, France, the United Kingdom, and the Middle East and North Africa region. Its games portfolio includes Call of War, a browser-based World War II strategy game; Conflict of Nations: Modern War, a browser-based strategy game; eRepublik, a browser-based multiplayer online game; Gemstone IV and Dragonrealms, a browser-based fantasy games; Goodgame: Big Farm, an online farming strategy game; and many more. The company is headquartered in Stockholm, Sweden.
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