Hatrabbit was acquired by King.

Hatrabbit Entertainment, a Stockholm, Sweden-based mobile game developer, was acquired by the gaming company King.

Financial details were not disclosed.

Hatrabbit, founded in 2016 by Andreas Chrysovitsano and Joakim Svärling, was a gaming studion  developing mobile games in virtual reality. The company was not profitable, at a 2018 turnover of SEK 2.2 million ($220k).

Hatrabbit was backed by local gaming veteran Karl Magnus Troedsson, who invested SEK 2.5M ($310k) in 2017.