Paradox is on the hunt for mergers and acquisitions
July 2nd, 2018 – 12:00pm
By Alex Calvin, Editor – PC Games Insider
Swedish startegy specialist Paradox is keeping an out for developers and publishers to purchase.
That’s according to new CEO Ebba Ljungerud (pictured), who told Reuters that Asia and mobile were sectors of particular interest for the games firm.
China is an area of focus for Paradox, even before Tencent swooped in and snapped up five per cent of the games firm. But of course, having the backing of a company the size of the Chinese tech and entertainment giant helps.
“It’s a giant market but it’s not crystal clear which of our games will fit in Asia,” Ljungerud said.
“That said, it’s fantastic to have a partner like Tencent that knows the market really well.”
Furthermore, the exec says the company will be doubling down on its existing markets, such as the United States.
The company also boasts a playerbase of two million users who use its games each day, with its total registered user base coming in at over seven million.
Paradox may have already started snapping up studios, with reports of the firm buying Harebrained Schemes last month for $7.5m.
Ljungerud replaces Fredrik Wester, who announced his departure from the top job in February of this year.
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