Observed Signal · Sep 28, 2026 · M&A - Announced · Source: PocketGamer.biz · Impact: 2/5 · Sentiment: Positive
Trophy Games Acquires Playrion from Paradox
Trophy Games, a Copenhagen-based mobile games developer, has agreed to acquire Playrion, the Paris-based studio behind Airlines Manager and Airport Simulator: First Class, from Paradox Interactive. The deal, expected to close on September 30, 2026, is Trophy Games' largest acquisition to date, with an upfront cash payment of €2.25 million ($2.6 million) and potential earnouts over the next three years. Playrion, which has about 30 employees and generates annual revenue of around €4 million ($4.6 million), will continue operating from its Paris studio. Trophy Games plans to leverage Airport Simulator's technology to build a new series of simulation games, a strategy Playrion used successfully with Airline Manager 4. The acquisition is funded from existing cash reserves. Following the deal, Trophy Games raised its 2026 revenue guidance to $25.9-27.4 million and EBITDA to $4.4-5.3 million.
Acquisition in the gaming sector, indicating consolidation and growth strategies within the mobile gaming industry, but not directly impacting core AdTech.
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Key Takeaways & Evidence Grounding
- Trophy Games acquires Playrion from Paradox Interactive for €2.25 million ($2.6 million) upfront cash.
- Deal includes potential earnouts of 9% of net revenue over three years, with closing expected September 30, 2026.
- Playrion has ~30 employees and annual revenue of ~€4 million ($4.6 million).
- Trophy Games to build new simulation series around Airport Simulator technology.
- Trophy Games raises 2026 revenue guidance to $25.9-27.4 million and EBITDA to $4.4-5.3 million.
Connected Companies & Entities
1 Entity mapped“acquire French game developer Playrion from Paradox Interactive...”
Ontology Mapping & Concepts
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Paradox Interactive Sells Playrion to Trophy Games
Paradox Interactive has sold Playrion to Trophy Games, as announced in a press release dated September 25, 2026. This is a significant corporate transaction involving the divestiture of a subsidiary.
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