The US-based private equity firm, Blackstone Group, is already in the early stages of the acquisition process of Ukrainian Social Casino Games Developer Murka.
According to a Ukrainian news outlet, Kyiv Post the Blackstone group has made special preparations for the acquisition and as far as the transaction is concerned the company is relying on a setup explicitly dedicated to this acquisition.
The acquisition will be carried out by the Tribe Cyprus Bidco Ltd on behalf of Blackstone. Tribe Cyprus will purchase the assets of both Murka Ltd and Murka Entertainment Ltd. Both companies have not disclosed any information related to the Bid price.
With over 100 staff, Murka has been creating casino-themed social games in Ukraine. It also has offices in Kyiv, Dnipro and Lviv. The firm claims to have a monthly engagement of 5 million players across their game portfolio; Vegas Slots, Royal Fortune Slots, Scatter Slots, and Slots Journey 1 and 2, are popular titles from Murka.
Since established in 2011, Murka has been developing casino-themed social games. The company currently employs more than 100 people at its offices in the Ukrainian capital Kyiv, Dnipro, and Lviv. According to the company’s website, its games are played by more than 5 million players monthly. Vegas Slots, Royal Fortune Slots, Scatter Slots, and Slots Journey 1 and 2 are popular titles from Murka.
The global market for social casino games is estimated at around $ 4 billion which is expected to grow by over 15% by 2020.
Blackstone had also previously acquired the leading Spanish gambling operator Cirsa. According to unconfirmed sources, Blackstone had to shell anything in between $2 – $2.5 billion. Also, before Cirsa, in 2014, the Blackstone Group had acquired luxury Strip hotel and casino resort, The Cosmopolitan Of Las Vegas.