Brief: Media And Games Invest Closing The Acquisition Of Kingsisle

Mgi Media and Games Invest Se

08/02/2021 10:12

Feb 8 (Reuters) - MEDIA AND GAMES INVEST PLC  M8G.DE :
    * ​​​​​​​MEDIA AND GAMES INVEST PLC: CLOSING OF THE
ACQUISITION OF
KINGSISLE - KINGSISLE REPRESENTS NEW 'STRIKE ZONE'
    * ​​​​​​​MEDIA AND GAMES INVEST PLC: CLOSING OF THE
ACQUISITION OF
KINGSISLE - KINGSISLE REPRESENTS NEW 'STRIKE ZONE'
    * THIS FOR MGI TRANSFORMATIVE TRANSACTION WILL MATERIALLY
INCREASE
SIZE AND PROFITABILITY OF MGI GROUP, ADDING ABOUT 60% GROUP
EBITDA ON A PRO FORMA BASIS
    * KINGSISLE'S REVENUE GUIDANCE FOR 2021 IS USD 32 MILLION
WITH AN
EXPECTED ADJUSTED EBITDA OF USD 21 MILLION (EBITDA MARGIN: 66%)

Source text for Eikon:  ID:nEQ6LnmqFa 
Further company coverage:  M8G.DE 

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