Hong Kong-based social mobile game publisher 6Waves has announced that the Stillfront Group will acquire it for $201 million.
Stillfront said the acquisition would be paid out in cash 92% of the time, with the remaining 8% payable in new shares. The deal includes acquiring the 34.8 percent stake once owned by Nexon for $93 million.
Stillfront CEO Jörgen Larsson commented: “We are very excited to be able to welcome 6Waves to the Stillfront family. Stillfront has a long and proven history of developing and publishing evergreen strategy games, and 6Waves’ titles fit perfectly into our portfolio. Expanding our presence in East Asia and, specifically, Japan has been a strategic priority for Stillfront, and we are happy that we have found such a talented team to help us on that journey. 6Waves has built a very strong reputation as the leading publisher of strategy games in the Japanese market, and we cannot wait to work closer with them as a part of Stillfront.”
“We are incredibly happy to become a part of the Stillfront family. Stillfront has built an impressive position within free-to-play globally, and we look forward to playing an important role in the group’s expansion in Japan and East Asia, “said Rex Ng, 6Waves president.
6Waves said its non-core games portfolio has been divested and won’t be a part of the transaction.
Earlier, Tokyo-based publisher Nexon announced that it will sell its 34.8 percent stake in 6Waves for $93 million to Stillfront Group.
Meanwhile, Stillfront took over the mobile strategy game Rise of Firstborn from Netmarble Corporation for an unknown sum last year.
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