India-based Gaming firm Jetapult acquires stake in Saudi-based UMX Studio for $4.5 million - Fintech News Saudi Arabia

India-based Gaming firm Jetapult acquires stake in Saudi-based UMX Studio for $4.5 million – Fintech News Saudi Arabia

In a landmark move for the MENA gaming industry, Jetapult, a global strategic investment company backed by Accel, has acquired a significant stake in UMX Studio, one of Saudi Arabia’s leading homegrown game development companies through an all-cash transaction of $4.5 million (about Rs 37.8 crore). The multi-million-dollar all-cash transaction marks Jetapult’s first investment in […]