Hasbro acquires majority share in DragonVale developer

By Brenna Hillier, Tuesday, 9 July 2013 02:07 GMT

Toy manufacturer Hasbro has spent $112 million to acquire a 70% majority stake in mobile developer Backflip Studios. The Colorado company is best known for DragonVale, but is also behind Ragdoll Blaster and Paper Toss. GamesIndustry reports Blackflip is generating nearly $100 million in revenue annually, mostly from iOS games. Despite how much Hasbro ponied up, it expects the deal to have either no or a positive effect on its annual balance sheet.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.



Backflip Studios

  • Gameloft, Gamevil and Disney hit with patent suits

    A number of game developers and publishers have incurred the wrath of the notoriously litigious Lodsys. ArsTechnica, which describes the company as a “patent troll”, reports Lodsys has recently filed a fresh wave of lawsuits against mobile developers Gameloft, Backflip Studios, Gamevil, Jirbo, MobileAge, PocketGems, Sunstorm Interactive, TMSoft, TLA Systems and Disney – in the […]