Habbo proprietor Azerion raises $242 million to finance extra sport acquisitions


On-line social gaming and leisure platform Azerion has raised €200 million ($242 million) to appreciate its development plans. 

Azerion secured the money by refinancing a €100 million bond issued on the Frankfurt alternate final 12 months, and stated the funds might be used to “finance a number of acquisitions throughout its platform,” with a selected give attention to including new gaming content material and “creating income alternatives.”

The information comes just a few months after Azerion totally acquired Habbo developer Sulake, and a few years after it bought Spil Video games’ cellular video games division. The corporate additionally lately lower the ribbon on a brand new enterprise and sport growth campus in Helsinki.

“The gaming enterprise represents a complete annual market of $175 billion. We’re effectively on our strategy to changing into the largest platform in Europe with our imaginative and prescient to serve that market,” stated Azerion co-CEO, Atilla Aytekin. 

“Our purpose is to create a secure, linked and clever ecosystem (enabled by means of our expertise) that can speed up the expansion of European firms linked to our operations.”

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