Video games developer, FXLabs Studios on Monday said it would pay US$3 millions in stock to acquire 100 per cent of US-based Interactive Media Technology (IMT).
FXbs has entered into a definitive agreement to acquire the US-based company that owns one of the world’s largest online causal games portals, knibble.com, a release issued here said.
FXLabs’s Founder and Chairman, Sashi Reddi said, “With the acquisition of Knibble, we have expanded our capability from being a game developer to a company that will be directly delivering world-class game play experience to consumers globally.”
“We are extremely optimistic about emerging markets like India driving worldwide online game revenues and we believe that this is a terrific move for both FXLabs and Knibble,” he added.
