Recent news about Tencent’s acquisition of gaming company Dream Games for $4.5 billion has become a hot topic worldwide.
According to insiders, this information is not true. Dream Games denies this. The company is known for the popular casual game Royal Match, released in 2020 on channels such as Google Play store and App Store. The number of game downloads has exceeded 100 million times.
The company announced on its social media accounts that the information it sold to Tencent was untrue and that it would take legal action against those who spread this information. “We want to stop the false news that has been spreading on social networks about the company recently. These statements are completely false. We will do things related to legal regulations to respond to this false rumor” – the announcement reads. Dream Games’ current value reaches 2.75 billion USD.
Dream Games has received a new investment worth 255 million USD, becoming one of the most valuable mobile game companies in the world, so it is attracting the attention of many leading gaming companies. Tencent has not yet commented on this information. The company still maintains a calm and cautious attitude about the rumors.
With 14.6 million downloads and total revenue of $112 million in July, Royal Match outperformed Candy Crush’s 14.4 million downloads and $104 million in revenue. Royal Match’s success is due to its aggressive user acquisition (UA) strategy, with 61.5% of downloads coming from paid channels. It is minigames like Summer Pass and Hidden Temple that attract users.
According to data over the past 30 days, Royal Match averaged $1.49 million in revenue and more than 200,000 downloads per day. Among them, the highest daily revenue was 1.77 million US dollars, achieved on October 29, 2022, and the highest daily downloads were 292,000, achieved on January 1, 2023.