8/13/2014 3:36:02 PM
|written By : Team India Se|
Despite bringing down its 2014 earnings forecast, Candy Crush Saga owner King Digital Entertainment has acquired Singapore-based mobile game studio Nonstop Games for up to US$100 million (S$125 million). According to the deal, it would pay $6 million in cash upfront, and the remaining $74 million over a four-year period if it reached certain revenue targets. Certain employees of Nonstop, which recently released strategy game "Heroes of Honor - War of Kings" for iOS devices, were given $10 million upfront, the company said
The US-based social and mobile game company has been suffering due to declining popularity of Candy Crush Saga. Analysts said that if the company did not deliver consistent and long-lasting hits, "it might suffer the same fate as "Farmville" maker Zynga Inc and "Angry Birds" developer Rovio Corp.