Hasbro buys majority stake in Backflip

The toy maker buys 70% of the Colorado-based mobile game developer for USD 112 million in cash. Backflip is well known for games like DragonVale and Paper Toss and reportedly nearing USD 100 million in annual revenues (primarily from iOS products). The company´s games have been downloaded 300 million times so far.

Full story: Hasbro buys majority stake in Backflip | GamesIndustry International.