Toge Productions Acquire Mojiken Studio in 25 Billion Rupiah Deal
Toge Productions has announced that they have finalized the acquisition of Mojiken Studio in a deal that’s valued at around 25 Billion Rupiah, or about 90 Million PHP ($1.7 Million), solidifying a decade-long partnership for both parties.
The deal entails Toge Productions gaining full ownership of Mojiken’s IPs, including A Space for the Unbound, recently nominated for the Games for Impact category in The Game Awards 2023. Mojiken Studio will retain its unique branding, ensuring a seamless transition for its rising identity and fanbase in the indie gaming community.
The decision to merge is rooted in over a decade of collaboration, founded on shared values and mutual trust. This integration aims to streamline game development processes, where Mojiken can focus more on fostering innovation, maintaining high-quality standards, and crafting genuine experiences for players all over the world.
Toge Productions hopes that with this combined force with Mojiken, they will continue to advance the Indonesian game industry’s growth. This acquisition also underscores the commitment of both parties to elevate creativity and innovation in the gaming industry.
Kris Antoni, founder and CEO of Toge Productions, expresses his excitement, “Toge Productions and Mojiken Studio have shared a remarkable synergy over the past decade. This acquisition is an opportunity to amplify our collaborative strengths and produce exceptional works.”
Eka Pramudita Muharram, co-founder of Mojiken Studio, who is now taking a role as project manager in the company, shares his high hopes for this integration, “I am both relieved and hopeful about the projects Toge and Mojiken will undertake together. My hope is that this acquisition strengthens the collaboration built over a decade, enabling us to create even more unique and high-quality gaming experiences. Together, we are stronger!”
Toge Productions is an indie game developer and publisher from Indonesia responsible for titles like Coffee Talk.