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CNA
01-05-2025
- Business
- CNA
Private equity CVC to invest in 'Royal Match' developer Dream Games
LONDON :European private equity firm CVC will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday The transaction, which includes debt provided by funds managed by Blackstone and other investors, values Dream Games in around $5 billion, according to a source with knowledge of the deal. Dream Games and CVC did not disclose the financial terms or the size of the stake acquired in a joint statement. 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. 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.
Yahoo
01-05-2025
- Business
- Yahoo
Private equity CVC to invest in 'Royal Match' developer Dream Games
LONDON (Reuters) -European private equity firm CVC will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday. 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. 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. Sign in to access your portfolio
Reuters
01-05-2025
- Business
- Reuters
Private equity CVC to invest in 'Royal Match' developer Dream Games
LONDON, May 1 (Reuters) - European private equity firm CVC ( opens new tab will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday. 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. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. 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.
