The popular Jordanian online card game studio, Jawaker, was bought by global gaming company Stillfront Group in a $205 million deal, according to a report by magnitt.
The game studio operates a hub with more than 30 products, and over 50 percent of Jawaker’s users play two or more games every week using the app.
Mohamad Hasan, co-founder and CEO of the company, welcomed the sale: “From its humble beginnings 12 years ago, Jawaker has always maintained its belief that steady profitable growth can achieve meaningful results over the long term.”
He continued, “The best investment we made over the years was in our culture. This created the environment that unlocked the potential of our truly inspirational team who made Jawaker what it is today.”
The buyout allows Stillfront Group to strengthen their foothold in the MENA region, and its CEO J?rgen Larsson said: “We continue to be impressed by the amazing talents and strong growth that we have seen in the region over the past five years.”
Stillfront has previously marketed games published by Babil Games, an international mobile games publisher in the MENA region.
Larsson added: “Jawaker’s expertise in the region is complementary to Babil’s in terms of both genre mastery and regional reach, making them a perfect strategic fit for Stillfront and creating several growth opportunities going forward.”
