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Animoca acquires Blowfish Studios in deal worth $25.8m

Studio to bring its expertise in multiplatform development and publishing to the mobile firm

Mobile games firm Animoca Brands announced that it has acquired Sydney-based publisher Blowfish Studios.

Animoca acquired the developer for AU$9 million ($6.6 million) -- AU$4 million ($2.9 million) in cash, and AU$5 million ($3.7 million) in shares.

The deal also includes payments up to AU$26 million that will be based on certain employment and performance goals -- making the deal worth up to AU$35 million ($25.8 million).

With the acquisition, Animoca said that it aims to add Blowfish Studios' expertise in multiplatform game development and self-publishing.

Founded in 2010 by Benjamin Lee and Aaron Grove, Blowfish Studios has gone on to develop titles such as YesterMorrow, Siegecraft Commander, and Storm Boy.

In a previous acquisition, Animoca Brands obtained Power Rangers: Battle For The Grid developer nWay.

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Jeffrey Rousseau avatar

Jeffrey Rousseau

Staff Writer

Jeffrey Rousseau joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.