SYDNEY, AUSTRALIA: iCandy Interactive Limited has entered a Share Sale Agreement to acquire 100% of Southeast Asia-based game art and animation company, Lemon Sky Studios. iCandy is acquiring 100% of Lemon Sky Studios from its two founders for a total consideration of MYR 135 million (A$44.5 million). Lemon Sky Studios is the joint-venture partner of…
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iCandy and Lemon Sky Studios to jointly form a new game studio
SYDNEY: iCandy Interactive Ltd has entered into a binding term sheet with Lemon Sky Studios to set up a new joint venture (JV) game studio company, a news release said. The JV that will focus on developing 3D mobile games with cross-platform potential and of AAA quality. The JV will develop its own new line…