On August 5th, Embracer Group AB announced it had entered into an agreement to acquire CrazyLabs Ltd. At this time, the financial details of the deal have not been disclosed.
“Crazylabs is exactly the type of company Embracer wants to join forces with. Sagi and team are extremely talented, driven and long-term oriented,” said Lars Wingefors, the CEO of Embracer Group. “They have over a decade of success and have proven that they can adapt and succeed in an ever-evolving environment of mobile games. Crazylabs has an exciting growth plan and their publishing capabilities will further strengthen the mobile ecosystem within Embracer.”
CrazyLabs is a video game publishing company based in Israel. The organization reports having over 110 million monthly active users.