Azerion, a Schiphol-based digital gaming and adtech company, has reached an agreement with its co-shareholder, Elisa Oyj, to acquire the remaining 49 per cent shares in Finnish game studio, Sulake Oy, known for the social game Habbo Hotel. Back in 2018, the Dutch company purchased a controlling stake of 51 per cent in Sulake Oy and has been helping to drive revenue growth (46 per cent YoY) since then.
Founded by Sampo Karjalainen, Sulake is an online entertainment company focused on virtual worlds and social networking.