Tripledot Studios announced that it had acquired mobile entertainment company Live Play Mobile.
The financial details of the deal were not disclosed.
Live Play Mobile’s 50-person team and based in the Bay Area, Los Angeles, London, and Europe. The firm is well-known for its live video app Live Play Bingo. Live Play Bingo broadcasts over 30 game show 24 hours a day.
“We have followed Live Play Mobile since its inception, and we believe in their vision of creating a new hybrid gaming category combining live entertainment with games that everyone loves to play,” said Tripledot co-founder and CEO Lior Shiff. “Live Play Bingo is an incredibly compelling product, well-positioned to disrupt its genre, and we are excited to amplify it with Tripledot’s proven ability to scale games using our know-how around user acquisition, monetisation and data-driven product management.”
As per the agreement, Stuart Lewis-Smith, Live Play Mobile founder and CEO, and CCO Geremie Camara will continue to lead Live Play Mobile as an independent entity.
Tripledot Studios said the acquisition would expand the company’s game portfolio while positioning it as a market leader in live-hosted games on mobile platforms.
Live Play Mobile CEO Lewis-Smith added: “From our initial conversation about joining forces, we immediately realized the power of combining Live Play Mobile’s truly differentiated games with Tripledot’s world-class operational capabilities.”
Tripledot Studios raised $116 million in a Series B funding round last month, following the $78 million it gathered in a Series A round last April. The company is now valued at more than $1.4 billion.
In other news, publisher Offworld Industries had acquired Redstone Interactive for an unknown sum.
Redstone Interactive is a partner studio of Offworld Industries, and the companies co-developed the WWI combat game Beyond the Wire.
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