UK-based hyper-casual games publisher Kwalee has acquired a minority stake in Devolver Digital. This is a strategic investment in a market that Kwalee is keen to conquer.
Kwalee announced a year ago (in German) that it was looking to increase its efforts in classic PC and console games. The British company has now become an investor in the segment. Kwalee has acquired a 3.58 per cent stake in Devolver Digital by participating in Devolver's latest equity placement.
Kwalee announced a year ago (in German) that it was looking to increase its efforts in classic PC and console games. The British company has now become an investor in the segment. Kwalee has acquired a 3.58 per cent stake in Devolver Digital by participating in Devolver's latest equity placement.