Fragbite sells Playdigious to enterprise fund Griffin Gaming Partners for $12.2m

Fragbite has divested Playdigious to enterprise fund Griffin Gaming Partners for $12.2 million (€10.5 million).

As a part of the deal, gaming and esports agency Fragbite Group has obtained 90% of web income generated from PC video games like Fretless – The Wrath of Riffson below its publishing enterprise, Playdigious Originals.

Playdigious is especially identified for being a cellular writer, with titles akin to Dead Cells and Cultist Simulator. It additionally handles Switch releases.

Fragbite stated that buying Playdigious in 2021 had been “a successful investment for the company,” including that the divestiture permits the group “to secure a strong capital position and support new strategic initiatives.” Playdigious had been Fragbite Group’s largest subsidiary, representing 77 p.c of the income in 2024. However, the corporate states the divestment may have a “limited effect on the strategy for the Gaming business area which relies on decentralization and focus on IP-rights, something which will remain.”

“Playdigious was acquired in 2021 and has been a profitable funding. We now received the chance to divest the subsidiary in a beneficial deal that enables us to safe a robust capital place, evolve Fragbite Group additional and help new strategic initiatives such because the Bitcoin Treasury initiative,” stated Fragbite CEO, Stefan Tengvall.

He continued: “Fragbite Group’s close ties to Playdigious, with founders Xavier Liard and Romain Tisserand and CEO Abrial Da Costa, are strong and our collaboration continues. We have always been very proud of the Playdigious team, and I want to thank all team members for being such a positive part of the group these years. I believe Playdigious will continue to grow together with the highly knowledgeable team at Griffin Gaming Partners and wish them the best of luck in future endeavours.”

Publisher Playdigious was acquired by Fragbite Group, previously generally known as Swedish cellular recreation firm FunRock, in 2021. Fragbite’s former CEO, Marcus Teilman, resigned from his place final yr and was changed by Tengvall.