Tech giant RealNetworks takes over Slingo for a $15 million deal
RealNetworks, the developers behind RealPlayer, have made a significant move in the social casino gaming industry by acquiring Slingo for a total of $15.6 million. Slingo, a well-known name in the sector, is renowned for its popular slot machines and bingo games, attracting over 4.5 million users monthly on Facebook alone.
The acquisition was finalised, with Rob Glaser, CEO of RealNetworks, expressing his excitement about the deal. "We are thrilled to have acquired Slingo, a popular brand in social casino gaming," he said. The deal, a significant financial transaction, marks a strategic move for RealNetworks as they look to expand their presence in the social casino gaming market.
Slingo, founded as a social casino developer, has seen great success with its games on Facebook. Its slot machines and bingo games have been a hit, making it one of the most beloved products in the industry. The company's main intellectual property lies in these games, which will now be developed by RealNetworks.
Following the acquisition, RealNetworks has announced plans to develop new game versions for platforms including Facebook, iOS, and Android. The same company that acquired Slingo will be responsible for this development, ensuring a seamless transition and continuity of the popular games.
Mark Zuckerberg, the founder and CEO of the company that developed playable versions for Facebook, iOS, and Android after acquiring Slingo, is looking forward to this new chapter. The deal, a combination of a social casino developer and a media firm, promises exciting times ahead for both companies and their users.
As RealNetworks embarks on this new venture, they are set to bring the beloved Slingo games to a wider audience, further cementing their position in the social casino gaming industry. Stay tuned for more updates on the new game versions coming soon.
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