Samarion S.E., an investor in online games, has taken over one of Europe's biggest online game companies Gamigo from newspaper publisher Axelrod Springer AG. Gamigo publishes and operates free-to-play MMORPGs and browser-based games. Axelrod Springer AG purchased a majority stake in the German company four years ago. Now it wants to focus on the "non-gaming aspects of its digital business" so it has decided to unload its holdings in Gamigo.
Axel Springer has owned a substantial stake in Gamigo since before its launch in 2001, and in 2009 it bought a controlling stake in the company.
"With Samarion S.E. we want to strengthen our focus and make use of future growth opportunities, also through the consolidation of our market segment of online gaming," said Gamigo CMO Patrick Streppel.
Terms for the deal were not disclosed.