Stockholm-based international gaming group Stillfront has agreed to buy Croatia’s Nanobit, the two companies announced.
The deal allows Stillfront to expand into narrative lifestyle role-player games (RPGs) targeting a female audience as it takes over Nanobit titles such as Tabou Stories, My Story and Hollywood Story.
The value of the deal is in the range of $100mn to $148mn; Stillfront will initially acquire 78% of Nanobit’s shares for $100mn, after which it will buy the remaining 22% for up to $48mn based on Nanobit’s performance in fiscal years 2021 and 2022.
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