Voodoo buys Israeli gaming company Beach Bum in major cross-border acquisition
In yet another deal in the vibrant gaming sector, French gaming company Voodoo has agreed to buy Israeli gaming co Beach Bum for an amount between USD 200-300 million, according to a report in Globes.
Beach Bum, which has developed digital board games backgammon, rummy and spades, is based in Ra’anana and had grown rapidly under the media radar in recent years, and gained millions of loyal users who have been able to play their ‘real world’ favorite games on their mobile phones.
Voodoo is a leading French mobile gaming company with a valuation of USD 1.4 Billion, and whose shareholders include Tencent and Goldman Sachs.
Voodoo was represented in the deal by Yaniv Aronowich, Tamar Krongrad, Boaz Feinberg and Nadav Buchbletter from Tadmor Levy & Co.
