[ad_1]
French gaming firm Vodoo has acquired Israeli gaming firm Seaside Bum for an estimated $250-300 million, sources near the deal have advised “Globes.” Seaside Bum was based by Gigi Levy-Weiss and Uri Shahak, who beforehand based Israeli gaming firm Playtika (Nasdaq: PLTK).
Seaside Bum, which has developed digital board video games backgammon, rummy and spades, is predicated in Ra’anana and had grown quickly below the media radar lately, and gained thousands and thousands of loyal customers who’ve been capable of play their ‘actual world’ favourite video games on their cellphones.
RELATED ARTICLES
Seaside Bum’s backgammon hits the jackpot
Voodoo is a number one French cellular gaming firm with a valuation of $1.4 billion, and whose shareholders embody Tencent and Goldman Sachs.
Seaside Bum lets customers open their app and discover companions to play towards in actual time. The app turned particularly well-liked in the course of the Covid pandemic when thousands and thousands of individuals had been socially remoted at residence in lockdown however utilizing Seaside Bum had been capable of finding companions to play their favourite video games. The corporate will quickly launch a product which is able to take the expertise on the planet of video, making it potential to play backgammon or rummy towards companions utilizing video applications comparable to Zoom.
Seaside Bum was based in 2015 by chairman Gigi Levy-Weiss and Uri Shahak who left the corporate a number of years in the past. Three extra executives who subsequently joined the corporate have been given founder standing – CEO Shachar Schalka, VP advertising Keren Marom and backgammon sector director Gili Levy. Seaside Bum has greater than 100 staff. The corporate has raised simply $14 million from Saban Ventures and North83.
Income over the previous 12 months has totalled $70 million, which means that the exit has been for 3 to 4 occasions annual income, which is par for the course within the gaming trade.
Voodoo was represented within the deal by Advs. Yaniv Aronowich, Tamar Krongrad, Boaz Feinberg and Nadav Buchbletter from Tadmor Levy & Co.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on September 30, 2021
Copyright of Globes Writer Itonut (1983) Ltd. 2021
[ad_2]
Source link
