India's Moonfrog Labs acquired by Swedish gaming studio
Swedish free-to-play gaming studio Stillfront has agreed to acquire 100% of Indian mobile games developer Moonfrog Labs, setting up exits for Tiger Global Management and Sequoia Capital India.
The acquisition will be a staged process, with Stillfront taking a 91% interest in an initial tranche for $90 million. That transaction is expected to close within the month. The remaining 9% will be acquired...
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