The acquisition amount is stated to be “up to US$90 (million), according to Financial Times
The acquisition amount was stated to be “up to US$90 million”, in an article published by the Financial Times. A release from King also noted that there is a “US$6 million upfront cash payment and up to US$84 million of contingent consideration”, which is tied to the company meeting certain revenue and employment criteria.
According to an official statement, there will be no change in management and employment. In addition, the studio will continue to work on Heroes of Honor, which is available on iOS devices and on Facebook.
UPDATE: A spokesperson from King told e27 that “Nonstop will be working on games outside of King’s traditional casual genre.”
Unlike many other game companies, it seems that Nonstop Games has taken upon a ‘slow and steady’ approach when it comes to game-making. To date, Heroes of Honor is still the only game the studio has published.
The founders (Teemu Ikonen, Juha Paananen, Henric Suuronen, and Henrik Karlström) also shared about the motivations behind moving to Singapore — a land far from home country Finland. The official release noted:
“In the initial months the team worked from different locations across the globe but within the first six months it was evident that we needed to be in the same place.
We took a leap of faith and relocated everyone to Singapore, which we thought to be the ideal place to combine the best of advanced Asian game mechanics with easily approachable themes and gameplay of Western games. Combined with the warm weather, the decision to move was no-brainer.
Two and half years later, Singapore is now our home and we take pride in our team of extremely talented individuals from around the region.”
Nonstop Games had previously received US$2.9 million in seed funding from the backers of Spotify and Supercell.
This post was originally posted on e27