{"id":236363,"date":"2021-04-20T16:32:17","date_gmt":"2021-04-20T16:32:17","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=315181"},"modified":"2021-04-20T16:32:17","modified_gmt":"2021-04-20T16:32:17","slug":"huuuge-games-targets-acquisitions-to-offset-loss","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/04\/20\/huuuge-games-targets-acquisitions-to-offset-loss\/","title":{"rendered":"Huuuge Games targets acquisitions to offset loss"},"content":{"rendered":"

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\tPoland-based mobile game developer Huuuge Games unveiled it was mulling acquisitions of Western and Central European studios to boost its portfolio, after failing to cash in on a growing market.<\/p>\n

In its 2020 earnings statement, Huuuge Games explained\u00a0it was evaluating a number of takeover options in the field of mobile free-to-play games and developers, alongside companies specialised in technology and user acquisition.<\/p>\n

The company said it would fund acquisitions from the approximately $100 million raised in an IPO in February, which it described as the biggest public offering for any mobile gaming company in Europe.<\/p>\n

Huuuge Games said potential takeovers would be aligned with its vision to \u201ctransform mobile gaming into a massively social experience\u201d and to \u201cempower billions of people to play together\u201d.<\/p>\n

Reuters reported the Polish company was actively pursuing five main targets.<\/p>\n

The announcement appears to be an attempt by the company to resurface with new offerings after struggling in 2020, a year marked with record-breaking numbers for the mobile gaming industry. App Annie estimated revenue rose 20 per cent year-on-year to $100 billion, with downloads up 18 per cent to 80 billion.<\/p>\n

Huuuge Games recorded a net loss of nearly $83 million in 2020, compared with a $4.3 million profit in 2019.<\/p>\n\n

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Poland-based mobile game developer Huuuge Games unveiled it was mulling acquisitions of Western and Central …<\/p>\n

The post Huuuge Games targets acquisitions to offset loss<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Huuuge Games targets acquisitions to offset loss - ITTeacherITFreelance.hk","description":"Poland-based mobile game developer Huuuge Games unveiled it was mulling acquisitions of Western and Central ... The post Huuuge Games targets acquisitions to of"},"footnotes":""},"categories":[11,20,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/236363"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=236363"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/236363\/revisions"}],"predecessor-version":[{"id":236364,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/236363\/revisions\/236364"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=236363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=236363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=236363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}