PlayTech, a developer of gaming and sports gambling software, has bought out YoYo Games, which developed GameMaker: Studio, for $16.4 million.
Potential earn-outs and retention costs are expected to add value of $5.25 million. PlayTech also possesses a number of development tools and systems, a suite which GameMaker: Studio will now join.
According to a statement from the company:
This acquisition will enable the company to further diversify its business, benefiting from a combined B2B/B2C offering focused on a strong and growing segment of the wider gaming market.
GameMaker: Studio is a popular product among small teams and developers due to its flexibility and low cost. Currently, the free tool has over 750,000 registered users who are able to buy additional development modules to extend their creative capacity.