DoubleU Games Acquires Paxie Games (Merge Studio: Fashion Makeover)

March 25, 2025

DoubleU Games, a Korean social casino mobile game developer, completed its acquisition of Turkey-based Paxie Games. The deal gives DoubleU Games an initial 60% stake for about $29.9 million (reported as $27 million in another source), with the remaining ownership acquired via a three-year earnout tied to financial targets.

Buyers
DoubleU Games Co., Ltd.
Targets
Paxie Games
Location
Turkey
Transaction Type
Buyout

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