MTG increases ownership in InnoGames and partners with company founders to form new holding company for gaming investments
Summary
MTG bought an additional 17% stake in InnoGames, raising its ownership to 68%. The transaction also creates a new holding company for MTG’s gaming business, including Kongregate. MTG says the structure will help it capture synergies and support future acquisitions. InnoGames’ founders will continue to work closely with MTG as the new gaming group is formed.
Classifications
industries
Fintech & Banking
applications
Business Intelligence
AskAI Classifications
Labels
Gaming
Software Development
Mobile Games
Linked Companies
Modern Times Group
$250M to $500M