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Mobile publisher Azur nabs minority stake in app developer Skyrocket for $2.2 million
Azur is known for publishing casual titles like Stack Ball and has achieved over 2 billion downloads to-date.
September 16, 2021
1 Min Read
Mobile publisher Azur Games has acquired a 15 percent stake in app studio Skyrocket for $2.2 million.
Skyrocket releases projects under its development division, Neosus, and is best known for working on productivity apps like Call Recorder and Maker App.
Azur, which has published a range of casual mobile titles like Stack Ball and Modern Strike Online, said the deal is part of its "portfolio diversification strategy."
"We're interested in the mobile app market and we want to develop new projects with people who already have a background in this field," said Azur co-founder Dmitry Yaminsky.
To-date, Azur's video game catalog has amassed over 2 billion downloads, and the company is now keen to expand into the IT sector with the help of Skyrocket.
Read more about:[Trend] M&A
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News Editor, GameDeveloper.com
Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.
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