TECH CRUNCH - Jan 21 - The terms of the deal weren't disclosed, but the price was reportedly "several million". Colin Hodge, the founder and CEO of Down, will join the Paktor team and will run Down and Sweet apps. He will also be overseeing Paktor Labs and be responsible for acquiring other apps, amongst other things. Down started in 2013 (as Bang With Friends) and grew to 5M downloads, about 200k MAU and $1M annual revenue from in-app purchases.
by Katie Roof
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