Tripledot Studios acquires Live Play Mobile

Mobile game developer and publisher studio Tripledot announced that it has acquired live streaming and gaming platform Live Play Mobile.
tripledot-Live Mobile-acquisition
Tripledot is making investments to maintain its steady growth.

Leading mobile game developer and publishing platform Tripledot Studios has acquired Live Play Mobile right after a $116 million Series B funding round.

London-based Tripledot Studios has reached a valuation of $1.4 billion after recent investments. The company’s current financing has provided an opportunity to improve its operational work.

California-based Live Play Mobile is a live broadcasting platform that combines the TV format with mobile games. 24 hours of uninterrupted live game broadcasting can be accessed on the platform. Live Play Mobile, which describes itself as a “creative mobile entertainment application,” will now continue its work within Tripledot Studios.

Tripledot Studios is one of the fastest-growing mobile games businesses in the world. Founded in 2017, the company managed to triple its total revenues in the last year alone. The games developed and published by the company achieved great success, reaching more than 30 million users in a concise time.

Lior Shiff, Co-founder and CEO of Tripledot Studios, said:

“We have followed Live Play Mobile since its inception and we believe in their vision of creating a new hybrid gaming category combining live entertainment with games that everyone loves to play. Live Play Bingo is an incredibly compelling product, well positioned to disrupt its genre, and we are excited to amplify it with Tripledot’s proven ability to scale games using our know-how around user acquisition, monetisation and data-driven product management.”

“Live Play Mobile is innovating how games are played, with the largest audiences in mind. This is a perfect example of a company that fits in our expanding portfolio.”

Stuart Lewis-Smith, Founder and CEO of Live Play Mobile, added:

“From our initial conversation about joining forces, we immediately realized the power of combining Live Play Mobile’s truly differentiated games with Tripledot’s world-class operational capabilities. With Tripledot, we will scale this completely new category that merges live hosted entertainment with popular casual game formats and bring it to global audiences.”

Live Play Mobile has more than 50 employees in four offices in global centers. After the acquisition, the existing team will continue to work independently. Tripledot Studios wants to strengthen its position in the current market and reach potential audiences with new genres and services.

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