DoubleU Games Acquires Paxie Games - News / 388 Views by, posted 6 hours ago South Korean-based DoubleU Games announced it has acquired Turkish studio Paxie Games in a deal worth up to $67 million. DoubleU Games is buying a 60 percent stake in the Merge Studio: Fashion Makeover developer for $27 million. The remaining 40 percent will be acquired for the next three years for up to $40 million.
The acquisition is to be financed through cash and treasury shares. It is expected to be closed 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 chief financial officer Jay.
.. William D'Angelo.