Sweden's MTG to buy New Zealand-based Ninja Kiwi

Modern Times MTG AB

24/03/2021 16:51

STOCKHOLM, March 24 (Reuters) - E-sports and gaming group
MTG  MTGb.ST  has agreed to buy mobile games developer Ninja
Kiwi for about 1.6 billion crowns ($186 million) to broaden its
gaming portfolio, it said on Wednesday.
    The Swedish company said in a separate statement that it was
raising 1.1 billion crowns in a directed share issue, of which
investment firm Atairos would cover about 50%, to finance the
deal. 
    MTG said in January that it had entered a non-binding
arrangement to buy an unidentified mobile games developer with
an initial purchase price of about $130 million to $150 million.
 urn:newsml:reuters.com:*:nL8N2JP4D7
($1 = 8.5796 Swedish crowns)



 (Reporting by Helena Soderpalm
Editing by David Goodman
)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))