Thursday, August 14, 2014

Singapore game firm bought for up to $125 mil

Candy Crush maker King Digital Entertainment has bought Singapore-based games developer Nonstop Games for up to US$100 million ($125 million).

New York stock exchange-listed King will pay US$6 million in cash, with another US$26 million to be paid to keep Nonstop Games employees with the company.

The remaining due will be based on criteria linked to revenues from new game releases.

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