According to recent reports, DoubleDown Interactive LLC is in the process of acquiring SuprNation AB for $33 million. This would be DoubleDown’s second major acquisition in the past year. Following their purchase of High 5 Games for $246 million in January.
“SuprNation, a Sweden-based game studio, has gained renown for developing popular casino games, including its flagship game ‘VikingsGoBerzerk,’ which has accumulated over 1 million downloads by players.”
The acquisition is currently in its early stages and has not yet been finalized. However, if it does go through, it would be a major win for DoubleDown.
DoubleDown Interactive is one of the largest social casino publishers in the world. Their DoubleDown Casino app, which has been downloaded over 10 million times, is their most notable achievement.
This acquisition would give DoubleDown a significant presence in the Swedish gaming market. In addition, the acquisition would grant them access to SuprNation’s popular gaming IP, enabling them to develop new games or expand their existing ones.
The acquisition is not without its risks, however. DoubleDown would be paying a hefty price for SuprNation, and it is unclear if the studio would be able to continue to produce hit games.
Only time will tell if this acquisition will be a success or a failure. But, either way, it is sure to be a major event in the gaming industry.
DoubleDown Interactive LLC is making headlines in the gaming industry with its latest acquisition move. The company is reportedly in the process of acquiring SuprNation AB, a Sweden-based game studio, for a whopping $33 million. This strategic acquisition comes on the heels of DoubleDown’s previous purchase of High 5 Games for $246 million earlier this year, further solidifying its position as a major player in the social casino space [1].
SuprNation AB has gained recognition for its highly popular casino games. With their flagship title “VikingsGoBerzerk” amassing over 1 million downloads. The acquisition of SuprNation would grant DoubleDown Interactive a significant presence in the lucrative Swedish gaming market and provide access to SuprNation’s successful gaming intellectual property (IP).
While the deal is still in its early stages and pending finalization, it holds great potential for DoubleDown Interactive. The acquisition would allow the company to expand its portfolio and tap into SuprNation’s expertise in developing engaging and entertaining casino games.
However, like any major acquisition, there are inherent risks. DoubleDown Interactive will be paying a substantial amount for SuprNation, raising questions about the studio’s ability to sustain its track record of producing hit games in the long run.
Nevertheless, DoubleDown’s acquisition strategy demonstrates its commitment to growth and market expansion. With their highly popular DoubleDown Casino app already boasting over 10 million downloads. This move signals their intention to further strengthen their position in the global gaming market.
Whether DoubleDown Interactive will experience a resounding success or encounter challenges as a result of this acquisition remains to be seen. Time will tell how the integration of SuprNation’s talent and IP will impact DoubleDown’s game development and revenue potential.
In an industry constantly driven by innovation and changing consumer preferences. Strategic acquisitions are key to staying competitive and meeting the demands of players worldwide. DoubleDown Interactive’s acquisition of SuprNation AB is a significant development that will undoubtedly shape the future of the gaming landscape.