Smartphone entertainment company iCandy Interactive Ltd has completed the acquisition of Singapore-headquartered Inzen Studio Pte Ltd, a mobile game company and eco-system connector. The acquisition was announced last year in September when South East Asia-focused iCandy had entered a term sheet to acquire 100 per cent interest in Inzen at about $4.4 million.

Strategically, the acquisition of Inzen will enable iCandy to become an ecosystem consolidator within Southeast Asia, integrating the games produced by the group’s studios and partners into one platform, and connecting them with over 20 million users across the group. In addition, Australia-listed iCandy has also brought on board Baidu Games (China), Incubate Fund (Japan), Hatcher (Singapore) and Global Mobile Game Confederation (China), institutional shareholders that will facilitate the group’s strategic partnerships across Japan and China, iCandy said announcing the completion of the acquisition on Wednesday. “The addition of

In addition, Australia-listed iCandy has also brought on board Baidu Games (China), Incubate Fund (Japan), Hatcher (Singapore) and Global Mobile Game Confederation (China), institutional shareholders that will facilitate the group’s strategic partnerships across Japan and China, iCandy said announcing the completion of the acquisition on Wednesday. “The addition of Inzen continues our culture of acquiring the best studios in Southeast Asia.

Inzen’s Co-Founder and CEO, Gerald Tock, will become the group Chief Operating Officer responsible for Strategy and Partnerships, while Inzen’s Director, Masahiko Honma, Co-Founder and General Partner of Incubate Fund, will be appointed as a Strategic Advisor, the company informed. The key appointments will help the group expand its capacity in incubation, investment and publishing. iCandy invests in studios – primarily in Australia, Singapore, Indonesia, and Malaysia – to produce quality interactive entertainment for the global mobile games market.

iCandy invests in studios – primarily in Australia, Singapore, Indonesia, and Malaysia – to produce quality interactive entertainment for the global mobile games market.

Source: Dealstreetasia

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