Brief: MTG's Kongregate Acquires Gamaga In Chile

Modern Times MTG AB

07/07/2022 15:07

July 7 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * MTG-OWNED KONGREGATE EXPANDS BLOCKCHAIN CAPABILITIES
THROUGH
PRODUCTION STUDIO ACQUISITION
    * KONGREGATE IS EXPANDING THROUGH ACQUISITION OF CHILEAN
DEVELOPMENT STUDIO GAMAGA
    * ACQUISITION VALUES GAMAGA AT BETWEEN USD$ 5 AND 7 MILLION.
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN JULY 2022,
AFTER
WHICH GAMAGA WILL BE INTEGRATED INTO KONGREGATE.

Source text for Eikon:  ID:nWkr4lhlHC 
Further company coverage:  MTGb.ST 

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