Brief: MTG Acquires Leading Tower Defense Gaming Studio And Publisher Ninja Kiwi, The Maker Of Bloons

Modern Times MTG AB

24/03/2021 16:37

March 24 (Reuters) - MTG  MTGb.ST 
    * MTG ACQUIRES LEADING TOWER DEFENSE GAMING STUDIO AND
PUBLISHER
NINJA KIWI, THE MAKER OF BLOONS
    * MTG CO LTD SAYS  UP-FRONT CONSIDERATION AMOUNTS TO
APPROXIMATELY
SEK 1,217 MILLION (NZD 203 MILLION) AND EARN-OUT PAYMENTS AT AN
EXPECTED VALUE OF SEK 406 MILLION (NZD 68 MILLION) IN AGGREGATE,
INCLUDING CASH AND SHARE COMPONENTS.
    * MTG CO LTD SAYS NINJA KIWI IS HIGHLY PROFITABLE MARKET
LEADER IN
TOWER DEFENSE GENRE, WITH GROSS REVENUES IN 2020 AMOUNTING TO
SEK 337 MILLION (NZD 56 MILLION) AND AN ADJUSTED EBITDA OF SEK
168 MILLION (NZD 28 MILLION
    * MTG CO LTD SAYS  56% OF UP-FRONT CONSIDERATION WILL BE
PAID IN
CASH AND 44% IN NEWLY ISSUED MTG CLASS B SHARES.

Source text for Eikon:  ID: 
Further company coverage:  7806.T 

 (Reporting By Simon Johnson)
 ((simon.c.johnson@thomsonreuters.com;))