Tivola sells mobile business to Trophy Games

As part of the restructuring of the Jumpgate Group, Hamburg-based Tivola Games is divesting its mobile business. The buyer of the free-to-play games is Trophy Games, which intends to pay SEK 8.2 million.

The Hamburg-based studio Tivila Games, which belongs to the Swedish Jumpgate, is parting with its mobile business. The Danish company Trophy Games has been found as the buyer and a corresponding agreement has been signed. Trophy Games is taking over the free-to-play titles from Tivola for SEK 8.2 million, the equivalent of around EUR 0.7 million. According to Jumpgate, the sales price exceeds the book value of the products.

"Tivola Games has, in line with the rest of the Jumpgate group, been through a significant transformation lately because of the strategic focus on premium games for primarily PC and console. We no longer have the organization in place which is needed to support the free-to-play based portfolio with live ops and player engagement. Therefore, our view is that the portfolio will find a better home at Trophy Games. The divestment will not have any impact on the premium versions of the games for other platforms than mobile, which have been developed in collaboration with Nacon. Through the deal we get access to capital which can be used mainly to pay down the debt and strengthen the balance sheet in Jumpgate", says Florian Bohn, CEO Tivola Games and CFO/COO Jumpgate.