Vancouver-based Mobile Free-to-Play Game Developer 'A Thinking Ape Entertainment' Acquired by Embracer Group for $28 Million US (plus Earnout)
A Thinking Ape Entertainment Ltd.. Founded in 2008 and based in Vancouver, A Thinking Ape is a developer of mobile Free-to-Play (FTP) games with a social core. The day one purchase price amounts to approximately MUSD 31 equivalent to MUSD 28 on a cash and debt free basis and is paid in cash and newly issued Embracer B shares plus additional consideration over 10 years, subject to fulfilment of agreed financial milestones, of a maximum MUSD 74. "A Thinking Ape is one of the most respected mobile game studios in the industry. They've been successful for over a decade and we believe they are o...
Source: bctechnology.com