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