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MTG has increased its ownership in InnoGames, the developer of browser and mobile games, to 51%. MTG announced its initial 21% investment in Hamburg-based InnoGames in October 2016. InnoGames is the creator of six successful online games including Forge of Empires, Tribal Wars and Elvenar. MTG has invested EUR 82.6 million for the additional shares, based on the same enterprise value of EUR 260 million for 100% of the business as for the original investment. MTG will fully consolidate InnoGames with effect from May 1.

Leading up to Easter, InnoGames announces a whole series of new events in its games. From today on, Elvenar players can look forward to collecting mysterious Phoenix eggs. Additionally, Forge of Empires starts a new spring questline on March 28 followed by the events in The West and Grepolis, starting on April 3 and 13.

The countdown to spring is on and InnoGames TV brings the season into full bloom with the release of its March episode. Starting today, the approximately seven-minute-long video features images from Forge of Empires’ new age and the latest updates for Elvenar and Grepolis.

Wooga and InnoGames are pleased to announce the sale and transfer of mobile strategy title Warlords from Wooga to the Hamburg-based online games provider, InnoGames. Going forward, a team at InnoGames will continue development and enrich the game with their strong knowledge of the strategy genre. No employees will change company as part of the agreement.

InnoGames, one of the leading providers of online and mobile games, released its financial figures for 2016 today. The company increased its revenue by 25 percent to a new record high of 130 million euros. In the mobile section, InnoGames topped last year’s revenue results by 68 percent and more than half of all new registrations in 2016 came from mobile devices. InnoGames also published a new corporate video today, highlighting the company’s on going success story.