AMMAN — Jordanian mobile application Jawaker
has been acquired for $205 million by Stillfront, a global group of gaming
studios, a source at Jawaker FZ LLC told
Jordan News.
اضافة اعلان
The source said that Stillfront will pay
74 percent of the amount in cash and 26 percent in shares. The transaction is expected
to be completed on October 4. "With the acquisition, Stillfront aims to
grow its presence in the Middle East and the North Africa region," the
source said.
“We have high hopes for this
cooperation, it is a great opportunity to be working with such a respected
company like Stillfront which has acquired a number of game developers before,”
the source said.
He added that this was not only a great
opportunity for Jawaker, but for Jordan as well: “In Jordan we have great
capabilities but we need more support so we can show our talents to the world.”
He went on to add that Jawaker is excited to be joining such a respected
company which shares Jawaker’s belief in a long-term investment in these types
of games.
Jawaker is the premier Arabic card game
site that enables players to connect with their friends and make new ones while
playing online and has more than half a million registered users. It has a
rating of 4.7 out of 5 on the iPhone App Store, and a rating of 4.5 out of 5 on
the Google App Store for Android devices.
The application was created by two
Jordanians, Muhammad Al-Hajj Hassan and Youssef Shamoun back in 2009. Hassan
and Shamoun are also the founders of “Akhtaboot” network which is a specialized
job seekers app for the Middle East. The app aims to contribute to solving the
unemployment problem in Jordan and the wider Arab region utilizing the tools of
the digital era.
The news of Jawaker’s acquisition by
Stillfront sparked wide attention among social media users since it was first announced.
Social media users expressed happiness and cited this sale as an example of a
real success story of Jordanian youth on the global stage.
Moosa Al-Saket, former chairman of the Amman
Chamber of Industry, expressed satisfaction and optimism upon hearing the news,
and in a tweet said: “"Jawaker app, a purely Jordanian app is sold for 205
million dinars. Our youth are creative."
Former minister of investment Muhannad
Shehadeh said that Jawaker is a fully Jordanian owned company based in Jordan.
“The company that launched Jawaker application for card games, combines more
than 50 highly qualified Jordanian programmers. This is a story of success and
a real investment in the country.”
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