Voodoo, the game developer and publisher founded in 2013 by Alexandre Yazdi and Laurent Ritter in Paris, France, announced that it has acquired the successful Israel-based game company Beach Bum.
Although the value of the acquisition agreement is not specified in official sources, we heard that the deal is worth 250-300 million dollars. Founded by Gigi Levy-Weiss and Uri Shahak in 2015, Beach Bum has been making a name for itself especially in recent years and has been growing rapidly. The successful company, which entered Voodoo’s radar with its momentum, had $70 million in revenue last year.
Beach Bum, which has proven its success with digital board games and card games, has gained millions of loyal players with the games they have developed. Beach Bum allows players to find other players to play with in real-time. Real-time gameplay has become especially popular during the COVID-19 pandemic. The company will soon launch a product that will delve deep into the world of video and make it possible for people who use video programs like Zoom to play such games.
Voodoo is a leading French mobile gaming company with a valuation of $1.4 billion, and its shareholders include Tencent and Goldman Sachs.
Beach Bum has a team of more than 100 people. The company has raised $14 million from Saban Ventures and North83 in its past investment rounds.