Home / Tech News / Goodgame Studios starts 2017 with layoffs, finishes with plans to go public

Goodgame Studios starts 2017 with layoffs, finishes with plans to go public

The German developer Goodgame Studios introduced lately that it will be for the primary time publicly negotiated for the primary time by way of merging with Stillfront Crew, an organization of impartial recreation makers and publishers . Stillfront Crew is indexed at the Nasdaq First North Premier Alternate.

Goodgame Studios makes a speciality of loose video games for mobiles and browsers, together with the Empire technique recreation: 4 Kingdoms, which consistent with the corporate is probably the most winning utility produced by way of a German studio. Stillfront is house to a number of impartial studios, together with Coldwood, the author of Resolve

. Goodgame fired 200 staff in early 2017.

"We have now controlled to show the tide in 2017 and are actually very winning. Kai Wawrzinek, one of the vital founders and CEOs of Goodgame Studios, famous in a press free up despatched to GamesBeat. "Within the first 9 months of 2017, we completed an EBIT (income earlier than passion and taxes) of 22 million euros ($ 25.95 million) .With the opposite studios of the Stillfront team, we wish to proceed our shared imaginative and prescient of constructing a gaming corporate of worldwide significance. be publicly traded supplies the versatility we want for our plans.Our long term publicizes brightly. "

Goodgame Studios will see no trade of team of workers within the context of the merger. However the merger with a bigger publicly traded corporate may just be certain Goodgame's steadiness. The transaction is looking forward to the overall approval of the shareholders' assembly of Stillfront Crew in January 2018.

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