Australian-based Blowfish Studios has been acquired by Animoca Brands
The deal, announced last week, is valued at up to $25.8 million. Animoca acquired the developer for a total of $6.6 million in cash and stock.
However, should Blowfish reach certain employment and performance goals, an additional $19 million in payments will be made, valuing the company (performances included) at $25.8 million.
Animoca will pay $2.9 million in cash and $3.7 million in shares.
2021, the year of gaming, continues to set new records for investment and mergers and acquisitions.
Read more about the Blowfish acquisition, HERE
Source: https://www.gamesindustry.biz/articles/2021-07-29-animoca-acquires-blowfish-studios