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Goldman Sachs invests $200M in video game maker Voodoo

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Goldman Sachs invests $200M in video game maker Voodoo

West Street Capital Partners, the private equity fund of Goldman Sachs Group Inc., invested around $200 million in Voodoo, a French mobile video game maker, Reuters reported, citing an anonymous source.

In terms of its usage, approximately 150 million users regularly use Voodoo products every month; and in 2017, the number of its game downloads totaled around 300 million.

This investment will help the Paris-based company accelerate its global expansion, the news agency reported. Voodoo hopes to increase its headcount over twofold to 150 by the close of 2018, and potentially expand into the U.S. assembling, within the next two years, sales teams for close collaboration with Apple Inc. and Alphabet Inc.'s Google Inc.

Terms of the deal were not specified, but Alexandre Yazdi and Laurent Ritter, Voodoo's co-founders, will be maintaining control over a majority of the shares, according to the May 28 news story, which also cited one of the founders.