Private equity CVC to invest in 'Royal Match' developer Dream Games
CVC will buy out Dream Games' initial venture capital partners and become its sole equity partner as part of the deal that it said will boost development of new games.
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Dream Games did not disclose the financial terms or the size of the stake acquired by CVC, but said funds managed by Blackstone, and other investors will provide debt financing as part of the transaction.
The transaction is subject to regulatory approvals and is expected to be completed in the third quarter of 2025, Dream Games' statement said.
"Their (CVC's) experience investing in category-leading companies, and track-record of supporting the long-term vision of founding teams, make them ideal partners as we continue to enhance our global leadership," said Soner Aydemir, co-founder and CEO of Dream Games.
It said Royal Match is the leading global puzzle game by revenue.
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