Kabam acquires games studios TapZen and Magic Pixel Games

kabam1Kabam has acquired Los Angeles-based games studios TapZen and Magic Pixel Games. The terms of the deal were not disclosed. TapZen and Magic Pixel will be merged into a new Kabam branded Los Angeles studio near Culver City.

TapZen was founded by Mike Verdu in 2012 and worked with Magic Pixel Games to create the bombastic mobile strategy game This Means War!. As part of Kabam, both TapZen and Magic Pixel will continue to build out the company’s strategy game lineup, which already includes franchises including Kingdoms of Camelot, Dragons of Atlantis, and The Hobbit: Kingdoms of Middle-earth, each of which have generated more than $100 million in revenue.

“Welcoming TapZen and Magic Pixel into the Kabam family is another significant milestone for Kabam,” said Co-Founder and CEO Kevin Chou. “The addition of Mike Verdu augments our world-class leadership team, and having a Los Angeles studio will strengthen Kabam’s already-deep relationships with our Hollywood partners.”

The acquisition of TapZen and Magic Pixel bring to nine the number of studios Kabam has acquired since 2010. Earlier acquisitions include of Phoenix Age (2014), Exploding Barrel Games (2013), Gravity Bear, Fearless Studios, Wild Shadow and Balanced World Studio (2012), and Wonderhill (2010).

USA, Los Angeles, CA

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