Coin Master-maker Moon Active is acquiring the tile-matching title Zen Match from its Istanbul-based developer Good Job Games. The associated team will also join the Israeli company.
While the duo haven’t disclosed the financial details of the acquisition, it is estimated to be around $100-150 million, as reported by CTech.
Good Job Games launched Zen Match in September 2021, and it currently has more than one million daily active users. According to the report, the title brings in $100 million per year.
Samuel Albin, CEO and founder of Moon Active, said: “We are very proud to collaborate with the talented Zen Match team and look forward to working together to grow this great product. These are very exciting times for Moon Active as we continue to grow our existing games, develop new titles and further expand our portfolio through acquisitions of great products and talented teams such as Zen Match. We have been following the thriving mobile game industry in Istanbul for a while and we are very happy to become a part of a place with such incredible talent.”
Ilker Ilicali, CEO and founder of Good Job Games, commented: “This is a great opportunity for the growth and success of Zen Match and its talented team, who have worked hard to make it the best Connect Tile games on the market. We are proud of all that the Zen Match team has accomplished and have no doubt that Moon Active will provide a great home for them to continue thriving. At Good Job Games, we will continue to focus on delivering fun and memorable experiences for our players through top-quality products.“
Founded in 2011, Tel Aviv-headquartered Moon Active currently has more than 2,000 employees in offices in the United Kingdom, Ukraine, Poland, Lithuania and Romania. The company raised $300 million at a $5 billion valuation in November 2021.