Phoenix Games acquires Sad Panda Studios

Canadian Sad Panda Studios has been acquired by the globally active games company Phoenix Games, which was founded in Karlsruhe.

The purchase price is not known as it was agreed not to disclose it.

Background information

Sad Panda Studios has developed and launched several idle dating simulations. The studio was founded in 2016 by Morgan Long and her two best friends. Their first project was "Crush Crush", which has over ten million downloads on Steam, the web, iOS, Android and Nintendo Switch.

Development of new games

In addition to scaling the success of existing games such as "Crush Crush" and "Hush Hush", Phoenix Games supports the dev studio in the areas of user acquisition, ad monetization and live operations to pave the way for the development of new games. Phoenix Games has set itself the goal of strengthening the studio's IPs with the company's own Uplift platform and making the games accessible to more players.

Source: www.gamesmarkt.de