Jordan Jawaker gaming app sold for $ 205 million to Stillfront Group

0

Jawaker, the Jordan-based online card games studio, was acquired by global games company Stillfront Group for $ 205 million, according to a magnitt report.

The games studio operates a hub with more than 30 products, and more than 50 percent of Jawaker users play two or more games each week using the app.

Mohamad Hasan, co-founder and CEO of the company, welcomed the sale: “From his humble beginnings 12 years ago, Jawaker has always maintained his belief that steady profitable growth can produce significant results on the market. long term.

He continued, “The best investment we have made over the years has been in our culture. This created the environment that unleashed the potential of our truly inspiring team that made Jawaker what he is today.

The acquisition allows Stillfront Group to strengthen its presence in the MENA region, and its CEO J? Rgen Larsson said, “We continue to be impressed with the incredible talent and strong growth we have seen in the region over the past few years. last five years.

Stillfront has previously marketed games published by Babil Games, an international publisher of mobile games in the MENA region.

Larsson added, “Jawaker’s expertise in the region is complementary to that of Babil in terms of gender mastery and regional reach, making it a perfect strategic choice for Stillfront and creating several growth opportunities going forward. . “

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content in this article is syndicated or provided to this website by an external third party vendor. We are not responsible for and do not control such external websites, entities, applications or media publishers. The body of the text is provided “as is” and “as available” and has not been modified in any way. Neither we nor our affiliates warrant the accuracy or endorse the views or opinions expressed in this article. Read our full disclaimer here.


Source link

Share.

Leave A Reply