Confirmed: Peak Games Acquired Saudi based Game Developer Kammelna For 10 million USD [Exclusive]
Sources familiar with the matter has confirmed to ArabCrunch the deal and said the price tag was 10 million USD in cash and stocks.
Kammelna is a web based card games popular among Saudis called baloot, it has been seeing impressive usage among Saudis.
Peak games is a Turkish based game developer that targets the Arab world and Turkey with culturally relevant games. With more than 20 million monthly active users, Peak Games says it has become one of the top four social game companies in the world in the past 14 months,.
Peak Games is run by chief executive Sidar Sahin. Kammelna was founded by Essam Alzamel, who will continue to run the studio in Damman, Saudi Arabia.
Peak Games already has studios and offices in Istanbul, Ankara, Barcelona, Berlin, San Francisco and Amman Jordan.
The company is funded by Earlybird Venture Capital, Hummingbird Ventures, and serial business angel Evren Ucok. Peak Games has 150 employees and Kammelna has 30.