DoubleU Games has acquired Turkish studio Paxie Games for up to $67 million.
The South Korean firm has obtained a 60% stake in the developer Merge Studio: Fashion Makeover for $27 million.
The remaining 40% will be acquired over the next three years for up to $40 million, according to Pocket Gamer.
“We believe the acquisition of Paxie Games represents a significant step in securing an expanded portfolio of new mobile gaming titles, driving growth and unlocking new opportunities,” said DoubleU Games CFO Jay Choi.
Paxie Games CEO Direnç Çelik added: “Through our large-scale collaboration with DoubleU Games, we are poised to achieve even greater growth by expanding our portfolio with exciting games, reaching a broader audience and continuing to make grow our business.
“By leveraging DoubleU Games' established marketing network in the US, we plan to drive substantial growth and expand our reach.”