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Mobile games studio Ace picks up $25 million

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Turkish mobile games studio Ace Games has secured $25 million in investment from Israeli investor Playtika in exchange for a minority equity stake in its business.

Founded in 2020, Ace Games is working on a mobile games title, Fiona’s Farm, billed as a fusion of farming, decoration and narrative-driven gameplay.

It’s also a Match 3 game, meaning the player can expect some brain teasers and puzzle solving mechanics, helping Fiona’s Farm engage with fans from across the mobile gaming spectrum.

The CEO of Ace Games, Hakan Bas, previously launched the Peak Games mobile games studio, which sold for $1.8 billion in 2020 to a Turkish buyer in the form of social games company Zynga, a deal first reported by Tech.eu’s owner Webrazzi. 

Robert Antokol, CEO of Playtika, said his company was seeking portfolio “exposure to high-growth potential game IP in cost-effective ways.”

Playtika was founded in 2010, and now offers a number of free-to-play games usually playable through social media networks, but also available on mobile.

“The talented team at Ace has built a best-in-class and innovative product on the ‘Match-3 and Meta’ game model,” Antokol said.

“Playtika can greatly complement Ace with our LiveOps and Digital Studio capabilities, leveraging our enhanced monetisation and game operations leadership in mobile gaming.”

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