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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.