Stillfront Group has announced its intention to buy a 100% stake in 6Waves for $201 million.
Stillfront said 92% of the purchase could be paid in cash and 8% had to be paid in newly issued shares.
The transaction includes the purchase of a 34.8% stake previously owned by Nexon for $93 million.
Jörgen Larsson, CEO of Stillfront, said, “We are very excited to be able to bring 6Waves into the Stillfront family. Stillfront has always had a long and proven history of developing and publishing strategy games, and 6Waves’ games fit perfectly into our portfolio.
Reuters reported that the 34.8% stake would sell for about $93 million. Nexon first made this investment in 2011.
