Ubisoft made a rather interesting acquisition this week as the company announced they had taken a 70% stake in Green Panda Games. This gives the company a majority say with one of the leading companies making free-to-play mobile games and specialized in hyper-casual games. The Parios-based company has launched 55 games since being founded in 2013, including Bee Factory, Sushi Bar, and Terrarium. What they plan to do with them moving forward wasn't really mentioned or talked about, but we have a couple of quotes from the announcement.
Commenting on the deal, Jean-Michel Detoc, Executive Director of Ubisoft Mobile shared that, "this acquisition strengthens our position in the hyper-casual market, particularly within the idle games segment. Bringing Green Panda Games into the group fits seamlessly with our aim of offering a diversified and high-quality line-up of mobile games to an ever-wider audience. We are very excited that this talented team is joining Ubisoft's creative force."
"We are delighted to be coming on board with Ubisoft and are looking forward to continue developing our games portfolio within a group that is in the full throes of expansion," said Guillaume Sztejnberg, Founder of Green Panda Games.