Playtech buys GameMaker creator YoYo Games for $16.4 million

Time for another million-dollar acquisition in the gaming world.

The online gambling company Playtech has acquired YoYo Games, which makes the GameMaker: Studio cross-platform developer tool, for $16.4 million, according to Gamasutra. Playtech told Gamasutra that the purchase it to help the company enter the casual gaming space. The GameMaker: Studio engine helped make popular independent games like Hotline Miami and Spelunky.

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Mike Minotti

Mike Minotti has been with GamesBeat since 2012, starting as an intern. Based near Youngstown, Ohio, he now manages GamesBeat's editorial team. He's also a prolific podcaster, appearing on multiple shows covering the gaming industry.