M&A Deal Summary

Otello Acquires YoYo Games

On January 20, 2021, Otello acquired software company YoYo Games from Playtech for 10M USD

Acquisition Highlights
  • This is Otello’s 3rd transaction in the Software sector.
  • This is Otello’s 3rd largest (disclosed) transaction.
  • This is Otello’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-01-20
Target YoYo Games
Sector Software
Buyer(s) Otello
Sellers(s) Playtech
Deal Type Divestiture
Deal Value 10M USD

Target

YoYo Games

Richmond, United Kingdom
YoYo Games Ltd. is a cross-platform games development technology. YoYo Games is a manufacture of GameMaker Studio game development software. YoYo Games was founded in 2007 and is based in Richmond, United Kingdom.

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Buyer(S) 1

Buyer

Otello

Olso, Norway
Category Company
Founded 1995
Sector Software
Employees3
Revenue 259M USD (2020)
DESCRIPTION

Otello is a browser company develops mobile advertising and apps & games, creating a broad platform of business opportunities, including fully-owned subsidiaries and ownership of leading technology for mobile data compression. Otello was founded in 1995 and is based in Olso, Norway.

DEAL STATS #
Overall 9 of 9
Sector (Software) 3 of 3
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 AB Fjord Bank

Vilnius, Lithuania

Fjord Bank is a full-digital consumer finance bank that was founded in March 2017 by Norwegian and Swedish investors Svein Øvrebø, Joakim Mandorsson, and Stig R. Myrseth. The bank has more than 40 shareholders, mostly private investors from Norway. In December 2019, it was granted a specialized bank license by the European Central Bank, following the assessment and proposal of the Bank of Lithuania. AB Fjord Bank’s head office is in Vilnius, Lithuania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 AdColony

Los Angeles, California, United States

AdColony, Inc. is a mobile video advertising company whose proprietary Instant-Play™ technology serves razor sharp, full-screen video ads instantly in HD across its extensive network of iOS and Android apps, eliminating the biggest pain points in mobile video advertising: long load times and grainy, choppy video. AdColony was founded in 2008 and is based in Los Angeles, California.

Sell $400M

Seller(S) 1

SELLER

Playtech

Douglas, United Kingdom
Category Company
Founded 1999
Sector Digital Media
Employees7,900
Revenue 1.7B GBP (2023)
DESCRIPTION

Playtech is a developer of unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, CRM services and hosting. The Group’s capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account. Playtech was founded in 1999 and is based in Douglas, Isle of Man.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Snaitech

Milan, Italy

Snaitech SpA is an Italian gaming company involved in the horse and sports betting segment. The company's other operations include amusement with prizes (AWPs), video lottery and online skill games. Snaitech was formed in 1990 and is based in Milan, Italy.

Buy -
Mergr

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