Keywords Studios’ recently announced purchase of outsourced art service provider Liquid Development marks another milestone in the company’s aim to become the primary provider of outsourced video game services. Art services is Keywords’ highest-margin service vertical and the deal will almost double its exposure to this area from 14% of group revenues to 22%. We believe that the purchase price of 6x PBT is attractive for an already profitable, growing business that will be a
02 Sep 2015
Art services acquisition - getting the picture
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Art services acquisition - getting the picture
Keywords Studios plc (KWS:LON) | 1,186 201.5 1.5% | Mkt Cap: 942.7m
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02 Sep 2015 - Author:
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Keywords Studios’ recently announced purchase of outsourced art service provider Liquid Development marks another milestone in the company’s aim to become the primary provider of outsourced video game services. Art services is Keywords’ highest-margin service vertical and the deal will almost double its exposure to this area from 14% of group revenues to 22%. We believe that the purchase price of 6x PBT is attractive for an already profitable, growing business that will be a