The Israel-based mobile gaming company announced the execution of an agreement for a $25 million minority investment in Turkish mobile gaming company Ace Games. Ace Games is known for developing Fiona’s Farm.
Robert Antokol, Chief Executive Officer of Playtika said “Our investment in Ace Games is an important milestone in the execution of our new games investment strategy as Playtika continues to seek exposure to high-growth potential game IP in cost-effective ways,” and added “The talented team at Ace has built a best-in-class and innovative product on the ‘Match-3 and Meta’ game model. Playtika can greatly complement Ace with our LiveOps and Digital Studio capabilities, leveraging our enhanced monetization and game operations leadership in mobile gaming.”
Hakan Bas, Founder and Chief Executive Officer of Ace said “Playtika has an unrivaled reputation for delivering superior in-game experiences, scaling mobile games to global dominance in their respective categories,” and continued “We are excited to be teaming up with Playtika as an investor and partner that will help us continue to grow this title, and possibly others, into leading mobile game franchises.”
Ace was founded by its Chief Executive Officer, Hakan Bas, also the co-founder of Peak Games, in 2020. The istanbul-based company was backed by NfX and Actera.