Moon Active acquires Family Island mobile game maker Melsoft

Moon Active announced today the acquisition of the mobile game company Melsoft. Terms of the deal were not disclosed, but Melsoft has become a pretty big company thanks to the likes of Family Island and MyCafe.

The deal is part of an ongoing acquisition frenzy in games, which saw $20.5 billion in deals in the first nine months of 2020, according to game investment site InvestGame. If I had to guess, this deal would be worth hundreds of millions of dollars.