M&A Deal Summary

Light & Wonder Acquires ELK Studios

On December 1, 2021, Light & Wonder acquired digital media company ELK Studios

Acquisition Highlights
  • This is Light & Wonder’s 6th transaction in the Digital Media sector.
  • This is Light & Wonder’s 2nd transaction in Sweden.

M&A Deal Summary

Date 2021-12-01
Target ELK Studios
Sector Digital Media
Buyer(s) Light & Wonder
Deal Type Add-on Acquisition

Target

ELK Studios

Stockholm, Sweden
ELK Studios is a crafted mobile games like Wild Toro II, Katmandu and Cygnus, and its games also feature the innovative X-iter™ tool allowing players to jump into the action through a selection of special predefined modes. ELK Studios was founded in 2013 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Light & Wonder

Las Vegas, Nevada, United States

Category Company
Founded 1984
Sector Gaming
Employees6,800
Revenue 3.2B USD (2024)
DESCRIPTION

Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 19 of 25
Sector: Digital Media M&A 6 of 9
Type: Add-on Acquisition M&A Deals 17 of 20
Country: Sweden M&A 2 of 2
Year: 2021 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Authentic Gaming

Sliema, Malta

Authentic Gaming is a provider of premium live casino solutions. Authentic Gaming was founded in 2015 and is based in Sliema, Malta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Playzido

London, United Kingdom

Playzido is a dynamic content creation platform provider and game supplier serving great content from 12+ gaming studios in the online gaming market. Playzido was formed in 2017 and is based in London.

Buy -