Stillfront Group has announced it has fully acquired mobile game developer and publisher Candywriter, LLC for at least $74.4 million.
Of the payout, $37.5 million is to be paid in newly-issued Stillfront shares, while the rest will be paid in cash.
Additionally, Stillfront may pay an earn-out consideration of up to $120.6 million depending on Candywriter earnings for the financial years of 2020 through 2022.
As part of the acquisition, Candywriter founders Kevin O'Neil and Nadir Khan will remain on board as part of the management team.
Candywriter is based in Miami, and has released a number of casual mobile games since its founding in 2006, including text-based life simulation title BitLife.
"The acquisition of Candywriter is an excellent next step in further broadening our diversified portfolio, both in terms of genre, audience and addressable market," said Stillfront CEO Jörgen Larsson.