23rd Apr 2019 09:21
LONDON (Alliance News) - Video games services firm Keywords Studios PLC said Tuesday it will buy game developer Wizcorp Inc for the equivalent of GBP825,000 from Ankama SAS and Silicon Studio Corp.
Keywords will pay JPY120 million in cash for the Tokyo-based mobile games maker.
Wizcorp annual revenue - the time period of which was unspecified - is JPY310 million, about GBP2.1 million. In 2018, Keywords itself generated GBP22.1 million pretax profit on revenue of GBP250.8 million.
"Japan is one of the world's most significant game development hubs and has a long history in this industry," Keywords Asia Managing Director Christopher Kennedy said.
"Keywords is excited at the opportunities Wizcorp will bring the group and its clients in the Japanese market as it becomes the latest member of our global engineering service line," Kennedy added. "Wizcorp's HTML5 expertise is a valuable extension to our console, mobile and PC games development skills, which is particularly interesting in the context of Snap's recent launch of its HTML5 based gaming platform."
Shares in Keywords were 0.5% higher at 1,478.00 pence on Tuesday.
Related Shares:
Keywords Studios Plc