MIL-OSI: Business Combination With Azerion on Course to Be Completed on 1 February 2022 foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Azerion Holding is in the process of fully acquiring Finnish developer Sulake, best known for hit social game Habbo Hotel.
The company has reached an agreement with Sulake s other shareholder, Elisa Oyj, to take the remaining 49% of shares in the studio.
Sulake s management and the rest of its 96 employees will remain in place, and it will continue to operate from its headquarters in Helsinki.
Azerion, which is a pan-European firm specialising in gaming and adtech, first purchased a controlling stake of 51% in Sulake back in 2018. It has since been helping to grow revenues, which have risen 46% between January 2019 and December 2020.