informa
1 MIN READ
News

Playtika sinks $25 million into Turkish casual game studio Ace Games

Ace was established in 2020 by Peak Games co-founder Hakan Bas.

Turkish casual game studio Ace Games has secured a $25 million minority investment from Playtika.

Ace is best known for working on free-to-play casual mobile title Fiona's Farm, which combines match-3 puzzling with narrative elements.

The studio was established in 2020 by Hakan Bas, who previously co-founded Toy Blast and Toon Blast developer Peak Games, and is headquartered in Istanbul.

Playtika said its investment in Ace Games represents an important milestone in the execution of its new investment strategy, which will see the company attempt to fund "high-growth potential game IP in cost-effective ways."

"The talented team at Ace has built a best-in-class and innovative product on the ‘Match-3 and Meta’ game model,'" said Playtika CEO, Robert Antokol, in a press release. "Playtika can greatly complement Ace with our LiveOps and Digital Studio capabilities, leveraging our enhanced monetization and game operations leadership in mobile gaming."

Ace, meanwhile, believes the cash injection will allow it to turn Fiona's Farm – and potentially other titles – into "leading mobile game franchises."

The news comes a few months after private equity company Joffre Capital bought a majority stake in Playtika for $2.2 billion.

Latest Jobs

Xbox Game Studios

Redmond, Washington
10.5.22
Technical Lighting Artist

Innogames

Hamburg, Germany
10.5.22
Game Designer - Elvenar

Six Foot

Houston, TX
10.3.22
Six Foot Director, Player Relations

Hometopia Inc.

Remote
10.7.22
Lead Engineer
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more