MTG invests in InnoGames & enters multi-billion dollar online gaming market
MTG has entered into an agreement to acquire 35% of InnoGames, a leading global online games developer and publisher, from Eight Roads Ventures and the Companyâs founders. The transaction is based on an Enterprise Value of EUR 260m for 100% of the company. MTG has an option to acquire a further 16% of the company at the same valuation. The transaction is subject to German and Austrian merger approvals. MTG will report its share of InnoGamesâ earnings as associated company income, which will be included in its MTGx segment.
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October 13, 2016