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Fragbite acquires hypercasual studio Lucky Kat for €7m
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Danielle Partis
News Editor
Wednesday 15th December 2021
Fragbite Group has bought Netherlands-based mobile outfit Lucky Kat for €7 million ($7.8 million).
Founded in 2015 by brothers Herdjie and Hernan Zhou, the studio focuses on creating casual and hypercasual titles, and has amassed over 200 million downloads across its portfolio.
Of the total, €5 million ($5.6 million) will be paid in cash, and the remaining €2 million ($2.2 million) paid in Fragbite shares. An additional purchase consideration
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