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Modern Times Group MTG AB (publ), a Stockholm, Sweden-based strategic acquiror and operator of gaming and esports leisure firms, accomplished the acquisition of 100 % of the shares in Ninja Kiwi Restricted, an Auckland, New Zealand based mostly tower protection gaming studio.
The deal was announced on March, 24, 2021.
The up-front consideration quantities to roughly SEK 1,217 million (NZD 203 million) and earn-out funds at an anticipated worth of SEK 406 million (NZD 68 million) in combination, together with money and share elements.
The acquisition of Ninja Kiwi provides a portfolio of video games throughout the tower protection style – together with the Bloons platform – and information to MTG’s different video games growth and publishing studios. Moreover the acquisition contributes to MTG’s total technique of continued progress via each strategic acquisitions and natural initiatives.
Based in 2006 by brothers Chris and Stephen Harris, Ninja Kiwi is a developer and writer of tower protection style video games for cell, console, and desktop – video games equivalent to Bloons® TD 6, Bloons® TD Battles, and SAS: Zombie Assault® 4. The 70-person firm is headquartered in Auckland, New Zealand, and has a second sport growth studio in Dundee, Scotland. Ninja Kiwi has gross revenues in 2020 amounting to SEK 337 million (NZD 56 million) and an adjusted EBITDA of SEK 168 million (NZD 28 million). Income come from each buy of the video games, and in-game purchases.
FinSMEs
01/06/2021
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