Thursday, April 19, 2012

Big Fish Games Issues Equity As Part Of Acquisition

Seattle-based Big Fish Games, the developer of casual gaming software, has issued $11.2M in equity, with an additional $3.4M in earn-out, related to an acquisition of Self Aware Games, a regulatory filing by the firm indicates this week. Based on the filing, it appears that the full amount is being issued to the employees and owners of Self Aware Games, and is not an external funding. According to the filing, the total amount of equity issued is $15.357M, with $3.4M of that amount subject to earn-out provisions in the acquisition deal. That equity was issued to 24 investors, according to the filing. Big Fish Games most recently acquired Self Aware Games, a maker of mobile games based in Oakland, California--which has 25 employees. Financial terms of that acquisition were not announced.