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With billions in revenue, Israel s Moon Active acquires gaming company for over $100M
Israel s Moon Active, which develops the super popular mobile game Coin Master, adds to a very prosperous 2020 and plans to dominate the global market. Idan Ben Tovim / 25 Dec 2020 • 2 min read
It seems that for most of us 2020 has been a pretty terrible year, but there are those out there that 2020 has proven quite the opposite.
Moon Active, an Israeli mobile game developer, recaps a very successful year to say the least. The mobile game company has reported over $1 billion in revenue from its super popular flagship game, Coin Master, and also announced the acquisition of another gaming company to close off a record year. The acquisition of Cyprus based
Israeli gaming company Moon Active Ltd., which develops one of the world s most popular mobile games, is acquiring gaming company Melsoft. Melsoft also develops mobile games, including the successful Family Island and My Cafe. Melosoft has 240 employees, most of whom are based out of Minsk, Belarus and Nicosia, Cyprus, and has revenue estimated at $160 million a year. The price of the acquisition was not announced, but it is believed to be over $100 million. Moon Active s income in 2019 surpassed $500 million, and it ended the year boasting significant profits.
Moon Active currently has only one active game, named Coin Master, which was released in 2016. According to Sensor Tower, which provides enterprise-grade market intelligence and performance metrics in the mobile app ecosystem, Coin Master is the fourth highest-grossing mobile game in the world in 2020, surpassing revenue of $1 billion. Coin Master is ranked in first place in revenue for mobile games in many countries, inc
Israel s Moonactive buys Belarus gaming co Melsoft
The Israeli mobile games developer could pay as much as several hundred millions dollars in a strategic deal.
Israeli mobile games developer Moonactive has acquired Belarus casual games developer Melsoft Games. Melsoft has 240 employees, most of them in the Belarus capital Minsk although the company s headquarters is in Cyprus. Financial details about the acquisition were not disclosed but it is a strategic deal that could be worth several hundred million dollars.
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Melsoft was founded in 2007 and initially focused on PC games but also began to develop mobile games in 2012. Its two most prominent products are adventure games MyCafe and Family Island. The acquisition announcement said, Melsoft is undergoing rapid growth and has annual revenue of $160 million.
Gaming Stocks: Stuff Your Stocking Portfolio With This Pick This gaming industry play earns a rare AAA-rating in my Portfolio Grader Dec 22, 2020, 5:21 pm EDT December 22, 2020
Santa Claus is coming to town, and while the mood turned a bit sour on Monday, I look for the holiday cheer that typically spreads across Main Street to perk Wall Street right back up.
Source: Ismail Sadiron / Shutterstock.com
So what stocks should you stuffing in your stocking before the Christmas holiday?
Personally, I like companies in the booming online and mobile gaming business, which has been surging during the pandemic and into the holiday season.
Digit NewsDesk | Published on 20 Dec 2020
While PUBG Mobile may be banned in India, it still earned a LOT of money. According to a report by Sensor Tower, PUBG Mobile (along with its Chinese localized version, Game for Peace) topped the list for the most revenue generated in 2020. This amounts to about $2.6 billion. The report notes that this includes revenue generated across the Apple App Store and Google Play Store and was an increase of 64.3% from 2019. Another game developed by Tencent, Honor of Kings, generated $2.5 billion this year.
Interestingly, the third spot was taken by Niantic’s Pokemon Go, a game that pretty much required players to travel as much as possible. Something that became quite difficult in 2020 during the Coronavirus pandemic. However, the game rose up to the challenge and added a string of updates to make it playable during quarantines and restrictions. Sensor Tower notes that the game earned $1.2 billion this year, and increase of 31.5% from 2019