Based out of Berlin, Kolibri Games develops and publishes Idle Miner Tycoon, which has been downloaded by more than 104 million players worldwide since releasing in 2016.
Recently, Ubisoft, the publishing and distribution company of interactive entertainment products worldwide, has acquired 75% of Kolibri Games. Notably, the French company purchased Green Panda Games in 2019 in an attempt to build its presence in this growing category.
Jean-Michel Detoc, Executive Director of Ubisoft Mobile, declared:
We are strengthening our ‘idle’ games portfolio with the acquisition of Kolibri Games, one of the leaders in the segment, whose flagship game Idle Miner Tycoon has grown steadily since 2016. We are delighted that this great talented team, recognized for the longevity of their flagship title, is joining Ubisoft.
Since its inception, the studio has grown the game with more than 160 content updates and expected to bring its lauded know-how in mobile games development and live services to Ubisoft. The acquisition was completed on January 31 and is expected to be accretive to Ubisoft’s earnings.
It’s worth mentioning that the agreement gives Ubisoft the option of gradually raising its stake in Kolibri Games to 100% over the next four years.
Daniel Stammler, co-CEO and co-founder of Kolibri Games, said:
Ubisoft is a creative powerhouse and one of the strongest brands in the games industry – we are humbled to be invited to join this great family. This marks a high point in the history of our young company and will enable us to expand our development.
Main image picture credits: Kolibri
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