Hasbro Purchases Majority Stake In Backflip Studios
July 8, 2013
Dear Backflip community:
We are thrilled to announce today that we are selling a majority stake in Backflip Studios to Hasbro. The company will stay in Boulder, CO and will continue to be run by the current management team. In addition to producing original new titles and updating popular favorites, we will now have access to Hasbro’s catalog of well-known brands for future mobile development. We will proceed with our long held strategy of building a large and active network of satisfied users through compelling gameplay.
We started this company because we love making games and we saw a tremendous opportunity in mobile. Since the beginning, we have prioritized creating the highest quality product, innovating as the medium evolves and making sure our users are happy. We will remain true to this vision going forward.
Having grown up playing Dungeons & Dragons, Trivial Pursuit, Monopoly and throwing a Nerf football, it’s exciting to have our games brought into the Hasbro family.
It is a joy and a privilege to be able to make games for a living. At Backflip, I have the absolute honor of working with some of the best talent in the industry and being surrounded by passionate people who I admire, respect and enjoy. I am very proud of what we have built thus far and I am truly optimistic that we will continue to thrive, prosper and grow under this new relationship.
Thank you for playing our games.
CEO / Founder