DoubleU Games has acquired Turkish studio Paxie Games for up to $67 million. The South Korean firm has obtained a 60% stake in the Merge Studio: Fashion Makeover developer for $27 million. The remaining 40% will be acquired over the next three years for up to $40 million, according to Pocket Gamer .
The deal will be financed through cash and treasury shares, and is expected to close in the first quarter of 2025. "We believe the acquisition of Paxie Games represents a significant move to secure an expanded portfolio of new mobile gaming titles, driving growth and unlocking new opportunities," said DoubleU Games CFO Jay Choi. Paxie Games CEO Direnç Çelik added: "Through our full-scale collaboration with DoubleU Games, we are set to achieve even greater growth by expanding our portfolio with exciting games, reaching a broader audience, and further growing our business.
"By leveraging DoubleU Games' established marketing network in the US, we plan to drive substantial growth and expand our reach.".