Europe?s Zynga? Social Games Co. Zattikka Raises $20M On AIM, Buys Hattrick, Concept Art House And Sneaky Games

More activity in the social and casual gaming space, following on from the $200 million acquisition of OMGPOP by Zynga. The UK-based games company Zattikka has started trading on the public markets and says it has raised ?12.6 million ($20 million) after its placing with institutional and other investors on London's AIM exchange. Zattikka -- which develops freemium games for PC web browsers, social networks, mobile devices (including smartphones and tablets), connected consoles, and other emerging platforms including IP TVs and set top boxes -- says that it will be using the funds to buy three smaller social games developers: Hattrick Holdings, Sneaky Games, Inc. and Concept Art House, Inc. -- a sign not just of more transactions in social/casual games but also of increasing consolidation of smaller, independent studios as the market continues to mature. The listing today gives the company a market capitalization of ?22 million ($35m), it says.

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