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March 4, 2022 03:56 am GMT
"Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities," said Michael Verdu, Vice President of Games, Netflix. "We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we're just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world."
Original Link: https://www.techpowerup.com/292602/netflix-announces-plans-to-acquire-finnish-mobile-game-developer-next-games
(PR) Netflix Announces Plans To Acquire Finnish Mobile Game Developer Next Games
Netflix, today announced that it has entered into a combination agreement to acquire Next Games. Under the terms of the agreement, Netflix will commence a tender offer process to acquire all of the issued and outstanding shares of Next Games. Pursuant to the offer, Next Games shareholders would receive EUR 2.10 in cash per share of Next Games, for a total value of approximately EUR 65 million. The Board of Directors of Next Games has unanimously decided to recommend that the shareholders accept the tender offer."Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities," said Michael Verdu, Vice President of Games, Netflix. "We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we're just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world."
Original Link: https://www.techpowerup.com/292602/netflix-announces-plans-to-acquire-finnish-mobile-game-developer-next-games
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