Winking Studios announces proposed acquisition of MineloaderTotal consideration amounts to 16.3 millionImage credit: Mineloader News by Sophie McEvoy Staff Writer Published on Jan. 17, 2025 Outsourcing and development firm Winking Studios has announced the proposed acquisition of Shanghai-based studio Mineloader.The total consideration amounts to 16.3 million, comprising an upfront payment of 14.7 million and a deferred balance dependent on performance over the next five years.The proposal is expected to be completed in the second quarter of 2025."This marks the largest acquisition to date and represents a pivotal step that augments our position in the global video games industry," said Winking Studios founder and CEO Johnny Jan."Mineloader's team of more than 460 employees will be a valuable addition to Winking Studios' existing headcount of over 800, boosting our service offerings in this segment and adding new clients."Jan continued: "Mineloader's strengths in console platform games can provide revenue diversity. There are also opportunities for increased business synergies and cross-selling, driving enhanced economies of scale and scalability."Last November, Winking Studio raised $10 million as part of a dual listing on the London Stock Exchange.