DOUBLE ACQUISITION FOR TEAM17
06 January 2022
Listed game developer Team17 has agreed a pair of acquisitions.
The company has agreed to acquire The Label, a US-based indie publisher specialising in mobile subscription games, content for an initial consideration of $24m (£17.8m), with additional earn out consideration of up to a maximum of $16m (£11.8m) over the next three years.
San Francisco-based The Label was a launch partner to both the Apple and Google subscription gaming services.